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1B.

thank you for the help.

Check my work Vulcan Company's contribution format income statement for June is as folows Vulcan Company Income Statement For the Month Ended June 30 Sales $900,000 400,000 Variable expenses Contribution margin 500,000 Fixed expenses Net operating 475,000 25,000 income Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following: a The compeny is divided into two sales teritories--Northern and Southern. The Northern Territory recorded $400,000 in sales and $160,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $176,000 and $140,000 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two products-Paks and Tibs. Sales of Paks and Tibs totaled $140,000 and $260,000, respectively, in the Northern territory during June. Variable expenses are 27 % of the selling price for Paks and 47 % for Tibs. Cost records show that $67,200 of the Northern Territory's fixed expenses are traceable to Paks and $57200 to Tibs, with the remainder common to the two products Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories. 1-b. Prepare contribution format segmented income statements for the Northem Territory broken down by product line. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Prepare contrib down between sales territories. (Round your percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3).) format segmented income statements for the total company broken Show lessA Sales Territory Total Company % Northern % Amount Southern Amount Amount % Sales 100.0 900,000 400.000 Variable expenses Contribution margin Traceable fixed expenses eritorial segment margin Common fixed expenses Net operating income 900,000 100.0 400,000 0.0 0.0 900,000 100.0 0.0 S 0.0 400.000 100.0 900,000 Ren 1A Req 18 Vulcan Company's contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ended June 30 $900,000 400,000 Sales Variable expenses Contribution margin 500,000 Fixed expenses Net operating income 475,000 25,000 Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following a The company is divided into two sales territories-Northern and Southern. The Northern Territory recorded $400,000 in sales and $160,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Foxed expenses of $176,000 and $140,000 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two products-Paks and Tibs. Sales of Paks and Tibs totaled $140,000 and $260,000, respectively, in the Northern territory during June. Variable expenses are 27 % of the selling price for Paks and 47% for Tibs. Cost records show that $67,200 of the Northern Territory's fixed expenses are traceable to Paks and $57,200 to Tibs, with the remainder common to the two products. Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Prepare contribution format segmented income statements for the Norther: Territory broken down by product line. (Round your percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3).) Show less A Product Line Northern Territory Paks Tibs Amount Amount Amount % Sales Vanable expenses Contribution margin Traceable fxed expenses Product line segment margin Common fxed expenses 0.0 0.0 0.0 0.0l $ 0 0.01 $ 0.0 Sales territory segment margin S 0.0