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Author Question: Martin Company sells two products, Standard and Deluxe. Data for activity during January are as ... (Read 75 times)

Bobvance

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on: Feb 5, 2023

Question 1

Mounce Corporation produces and sells two products, Basic and Super. Data for activity during March are as follows:

​​BasicSuper
Sales$200,000$250,000
Contribution margin       25%     28%
Total fixed costs  $65,000  $65,000

Required:

Prepare a segment margin income statement. Omit the heading. Common fixed costs of $25,000 are allocated Basic and $30,000 to Super.

Question 2

Martin Company sells two products, Standard and Deluxe. Data for activity during January are as follows:

​​StandardDeluxe
Sales$100,000$120,000
Contribution margin       35%     30%
Traceable fixed costs  $15,000  $25,000

Required:

Prepare a segment margin income statement. Omit the heading. Common fixed costs of $25,000 are allocated one-half to Standard and one-half to Deluxe.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by Bobvance on Feb 5, 2023

queenBea90

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Reply #1 on: Feb 5, 2023
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Bobvance

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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