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Author Question: Bethel Corporation provided the following income statement for two of its divisions: North and ... (Read 48 times)

petersan

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Bethel Corporation provided the following income statement for two of its divisions: North and South.

NorthSouthTotal
Revenue$50,000$40,000$90,000
Variable expenses
  Product20,000 15,00035,000
  Selling and administrative  15,000   8,000 23,000
Contribution margin15,000 17,00032,000
Less fixed costs  20,000  10,000  30,000
Operating income($ 5,000)$  7,000$    2,000

Required:

The home office allocated common fixed costs of $18,000 to North and $2,000 to South. Prepare a segment margin income statement. Omit the heading.


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Marked as best answer by petersan on Feb 5, 2023

athenaheim

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petersan

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Reply 2 on: Feb 5, 2023
Excellent


irishcancer18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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