Identify the correct option for the given statement.

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Chapter 18, Problem 9CQ

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Identify the correct option for the given statement.

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Gorman Nurseries Inc. grows poinsettias and fruit trees in a green house/nursery operation. The following information was provided for the coming year. Sales $9,70,000 $31,00,000 Variable cost of goods sold 4,60,000 16,30,000 1,60,000 2,00,000 Direct fixed overhead A sales commission of 4% of sales is paid for each of the two product lines. Direct fixed selling and administrative expense was estimated to be $146,000 for the poinsettia line and $87,000 for the fruit tree line. Common fixed overhead for the nursery operation was estimated to be $800,000; common selling and administrative expense was estimated to be $450,000. Prepare a segmented income statement for Gorman Nurseries for the coming year, using variable costing.