Homework help. Chapter 21 number 6. Need help filling in the missing data on part b. Thanks for the help! Segment Contribution Margin AnalysisThe Walt Disney Company (DIS) is a global entertainment company that is organized into four business segments as follows:Media Networks:Television production and distribution, including ABC television network, ESPN, National Geographic.Parks, Experiences, and Products:Theme parks and resorts, including Walt Disney World and Disneyland; Experiences, including Disney Cruise Line and Disney Vacation Club; Products, including Disney and Pixar characters, comicbooks, and magazines.Studio Entertainment:Music and motion picture production and distribution, including Twentieth Century Studios, Marvel, and Lucasfilm.Direct-to-Consumer & International:Streaming services, including Disney+, ESPN+, and Hulu.For a recent year, Disney reported the following segment results (in millions):SegmentParks,Experiences,and ProductsRevenues$16,502Operating expenses(16,600)Operating income$(98)Assume the following percentages of total operating expenses for each segment are variable:SegmentMedia NetworksParks, Experiences, andProductsStudio EntertainmentDirect-to-Consumer &InternationalSegmentMediaNetworks$28,393(19,400)$8,993Percentage ofVariableOperating Expenses75%60%80%70%Direct-to-ConsumerSegmentEntertainment & International$9,636(7,200)$2,436$16,967(19,800)$(2,833)a. Prepare a variable costing income statement for The Walt Disney Company by segment. If required, use a minus sign to indicate an operating loss. Round all amounts to the nearestmillion. a. Prepare a variable costing income statement for The Walt Disney Company by segment. If required, use a minus sign to indicate an operating loss. Round all amounts to the nearestmillion.Line Item DescriptionSalesVariable operating expensesContribution marginFixed operating expensesOperating income/lossFeedbackCheck My WorkCorrectMedia NetworksParks, Experiences, and ProductsStudio EntertainmentThe Walt Disney CompanyVariable Costing Income Statement(in millions)Direct-to-Consumer & InternationalMediaNetworks28,39314,550 ✔13,8434,8508,993%%%Parks, Experiences,and Products16,5029,960X %6,5426,640-98StudioEntertainment9,6365,7603,8761,440b. Compute the contribution margin ratio for each segment. Round ratios to the nearest tenth of a percent.ContributionMargin Ratio2,436Direct-to-Consumer &International16,96713,8603,1075,940-2,833

Variable costs are costs that varies with the change in the level of output whereas fixed costs are…

Segment Contribution Margin Analysis The Walt Disney Company (DIS) is a global entertainment company that is organized into four business segments as follows: Media Networks: Television production and distribution, including ABC television network, ESPN, National Geographic. Parks, Experiences, and Products: Theme parks and resorts, including Walt Disney World and Disneyland; Experiences, including Disney Cruise Line and Disney Vacation Club; Products, including Disney and Pixar characters, comic books, and magazines. Studio Entertainment: Music and motion picture production and distribution, including Twentieth Century Studios, Marvel, and Lucasfilm. Direct-to-Consumer & International: Streaming services, including Disney+, ESPN+, and Hulu. For a recent year, Disney reported the following segment results (in millions): Segment Media Networks $28,393 (19,400) $8,993 Segment Media Networks Parks, Experiences, and Products Studio Entertainment Segment Parks, Experiences, and Products Revenues $16,502 Operating expenses (16,600) Operating income $(98) Assume the following percentages of total operating expenses for each segment are variable: Percentage of Variable Operating Expenses 75% 60% 80% Direct-to- Consumer Segment Entertainment & International $16,967 (19,800) $(2,833) 70% $9,636 (7,200) $2,436 Direct-to-Consumer & International a. Prepare a variable costing income statement for The Walt Disney Company by segment. If required, use a minus sign to indicate an operating loss. Round all amounts to the nearest

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q