Homework Answers
Solution:
| Segment Income Statement | ||||||
| Particulars | Total Company | North | South | |||
| Amount | % | Amount | % | Amount | % | |
| Sales | $990,000.00 | 100.0% | $330,000.00 | 100.0% | $660,000.00 | 100.0% |
| Variable expenses | $633,600.00 | 64.0% | $198,000.00 | 60.0% | $435,600.00 | 66.0% |
| Contribution margin | $356,400.00 | 36.0% | $132,000.00 | 40.0% | $224,400.00 | 34.0% |
| Traceable fixed expenses | $108,900.00 | 11.0% | $36,300.00 | 11.0% | $72,600.00 | 11.0% |
| Segment income | $247,500.00 | 25.0% | $95,700.00 | 29.0% | $151,800.00 | 23.0% |
| Common fixed expenses not traceable to offices | $227,700.00 | 23.0% | ||||
| Net operating income | $19,800.00 | 2.0% | ||||
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