Niangua Co (A)Complete the Following Segmented Income Statement for Niangua Co
Question 70
Question 70
Essay
Niangua Co.is divided into three segments and is interested in preparing a segmented income statement in order to better understand the operating performance of each segment.Fixed expenses in each division currently include an allocation of general corporate expenses equal to 20% of the division's sales. SalesVariable expensesContribution marginFixed expensesNet income (loss) Division 1$320,000208,000$112,00080,000$32,000 Division 2$200,000120,000$80,00088,000$(8,000) Division 3$280,000152,000$128,00072,000$56,000 (a.)Complete the following segmented income statement for Niangua Co. Sales Variable expenses Contribution margin Segment mixed expenses Common fixed expenses Net income (loss) Total Comparyy Division 1 Division 2 Division 3
Correct Answer:
Verified
Unlock this answer now Get Access to more Verified Answers free of charge