subject
Mathematics, 22.02.2021 01:10 lindselu

Shannon Company segments its income statement into its North and South Divisions. The company’s overall sales, contribution margin ratio, and net operating income are $500,000, 46%, and $10,000, respectively. The North Division’s contribution margin and contribution margin ratio are $150,000 and 50%, respectively. The South Division’s segment margin is $30,000. The company has $90,000 of common fixed expenses that cannot be traced to either division. Required: Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your percentage answers to 1 decimal place (i. e 0.1234 should be entered as 12.3).)

ansver
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 22:30, kacaria
Agroup of randomly selected members of the foodies food club were asked to pick their favorite type of food. the bar graph below shows the results of the survey. there are 244 members in the foodies.
Answers: 3
image
Mathematics, 22.06.2019 00:30, angel8953
Neal buys a board game. he pays for the board game and pays $1.54 in sales tax. the sales tax rate is 5.5%. what is the original price of the board game, before tax
Answers: 3
image
Mathematics, 22.06.2019 02:40, umezinwachukwuebuka1
Scarlett stopped at a campground along the appalachian trail. the campground had a 12 acre area for tents, divided into 6 equal campsites. scarlett picked one of the sections to pitch her tent. which expression would give you the size of scarlett’s campsite? (more than one answer
Answers: 1
image
Mathematics, 22.06.2019 03:00, haltomnatnathan3548
Which of these phrases uses parallelism to create a sad tone?
Answers: 1
You know the right answer?
Shannon Company segments its income statement into its North and South Divisions. The company’s over...

Questions in other subjects: