2. Ho you agree with the intern's decision to use an absorption format for her segmented income statement? 2. Based on a feview of the intern's segmented income statement. a. How much of the company's common fixed expenses did she allocate to the Commercial and Residentiat segments? b. Which of the following three allocation bases did she most likely used to allocate common fored expenses to the Cammereial and Residential segments: (a) sales, (b) cost of goods sold, or (c) gross margin? 3. Do you agree with the intern's decision to allocate the common fixed expenses to the Commercial and Residential segments? 4. Redo the intern's segmented income statement using the contribution format. 5. Compute the companywide break-even point in dollar sales. 6. Compute the brook-even point in dollar saies for the Commercial Division and for the Residential Division. 7. Assume the company decided to pay its sales fepresentatives in the Commercial and Residential Divisions a total monthly salary of $16,500 and $33,000, respectively, and to lower its companywide sales commission percentage from ton, to 5. Colculate the new break-even point in dollar sales for the Commercial Division and the Residential Division. Complete this question by entering your answers in the tabs below. Do vou agree with the intern's decision to use an absorption format for hier segmented income statemient? 1. Do you agree with the intern's decision to use an absorption format for her segmented income statement? 2. Based on a feview of the intern's segmented income statement. a. How much of the compeny's common fixed expenses did she altocate to the Commercial and Residential segments? b. Which of the following three allocation bases did she most likely used to allocate common fixed expenses to the Commercial and Residential segments: (a) sales, (b) cost of poods sold, or (c) gross margin? 3. Do you ogree with the intern's decision to allocate the common fixed expenses to the Commercial and Residential segments? 4. Redo the intern's segmented income statement using the contribution format. 5. Compute the compamywide break-even point in dollar sales. 6. Compute the break-even point in dollar soles for the Commercial Division and for the Residential Division. 7. Assume the company decided to pay its sales representatives in the Commercial and Residential Divisions a total monthy salary of \$16,500 and \$33.000, respectively, and to lower it companywide sales commission percentage from tos to 5%. Calculate the new break-even point in dollar salos for the Commerciai Division and the Residential Division. Complete this question by entering vour answers in the tabs below. Do you agree with the intern's decision to allocate the common fixed expenses to the Commercial and Residential segments? be incurred even if the Commercial or Residential segments are discontinued, $88,000 of fowed expenses that would disappear if the Commercial segment is dropped, and $66,000 of fixed expenses that woukd disappoar if the Residentisi segment is dropped. Required: 1. Do you ayree with the intern's decision to use an absorption farmat for her vegmensed income statement? 2. Based on a review of the intern's segmented income statement. a. How much of the compony's common fixed expenses did she alocate to the Cominericial and Residential segments? b. Which of the folowing thee alocation bases did she enest likely used to slocate common fieed expenses to the Commerciat and Rosidential segments: (a) sales, (b) cost of goods sold, or (c) gross maegn? 3. Do you agree with the intern's decision to allocate the common fiend expenses to the Commerelat and Residential segments? 4. Rede the intern's segmented income statement ising the coctrbution format 5. Compule the comparywide break even point in dollar sales. 7. Aswume the company decided to pay its sales representabes in the Commercial and Pesidential Divisions a totai monthy Calculate the new beak even point in doliar sales for the Commercial Devison and the fiesidential Divisien. Complete this question by entering your answers is the tabs below. Bastd os a reviev of the intern's segmected income statement, which of the folowing three albeakion bases did she most ikely used to alocate common fised expenses to the Commercial and Residential segments? Compute the break-even point in dollar sales for the Commercial DWision and for the Residential Division. Assume the company decided to pay its sales tepresentatives in the Commercial and Residential Divisions a total montry salary of $16,500 and $33,000, respectively, and to lower its companywide sales commission percentage from 10% to 5%. Calculate the new break-even point in dollar sales for the Commercial Division and the Residential Division. Complete this question by entering your answers in the tabs below. Redo the intern's segmented income statement using the centribution format. Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below: In preparing these statements, the intern determined that Toxaway's only variable selling and administrative expense is a 10% sales commission on all sales. The company's total fixed expenses include $58,500 of common fixed expenses that would continue to be incurred even if the Commercial or Residential segments are discontinued, $88,000 of fixed expenses that would disappear if the Commercial segment is dropped, and $66,000 of fixed expenses that would disappear if the Residential segment is dropped. Required: 1. Do you agree with the intern's decision to use an absorption format for her segmented income statement? 2. Based on a review of the intern's segmented income statement. a. How much of the company's common fixed expenses did she allocate to the Commercial and Residential segments? b. Which of the following three allocation bases did she most likely used to allocate common fixed expenses to the Commercial and Residential segments: (a) sales, (b) cost of goods sold, or (c) gross margin? 3. Do you agree with the intern's decision to allocate the common fixed expenses to the Commercial and Residential segments? 4. Redo the intern's segmented income statement using the contribution format. 5. Compute the companywide break-even point in dollar sales. 6. Compute the break-even point in dollar sales for the Commercial Division and for the Residential Division. 7. Assume the company decided to pay its sales representatives in the Commercial and Residential Divisions a total monthly salary of $16,500 and $33,000, respectively, and to lower its companywide sales commission percentage from 10% to 5%. Calculate the new break-even point in dollar sales for the Commercial Division and the Residential Division. 1. Do you ogree with the Intern's decision to use an absorption format for her segmented income statement? 2. Based on a review of the intern's segmented income statement. a. How much of the company's common fixed expenses did she alocate to the Commercial and Residential segments? b. Which of the following three allocation bases did she most likely used to allocate common foed expenses to the Commerclal and Residential segments: (a) sales, (b) cost of goods sold, or (c) gross margin? 3. Do you agree with the intern's decision to allocate the common foxed expenses to the Commercial and Residential segments? 4. Redo the intern's segmented income statement using the contributioh format 5. Compute the companywide break-even point in dollar sales. 6. Compute the break-even poin in dollar sales for the Commercial Division and for the Residentiar Division. 7. Assume the company decided to pay its sales representatives in the Commercial and Residential Divisions a total monthly Calculate the new break-cven point in dollar sales for the Commercial Division and the Residential Division. Complete this question by entering your answers in the tabs below. Compute the companywide break-even point in doliar sales. Note: Round intermedote calculations to 3 decimal places and final answer to the nearest whole dollot amount. 1. Do you agree with the intern's decision to use an absorption format foe her segmented income statement? 2. Based on a review of the intern's segmented income statement. a. How much of the company's common fixed expenses did she allocate to the Commercial and Residential segments? b. Which of the following three allocation bases did she most likely used to allocate common fixed expenses to the Commerda! and Residential segments (o) sales, (0) cost of goods sold, or (c) gross margin? 3. Do you agree with the intern's decision to allocate the common fixod expenses to the Commercial and Residential sepments? 4. Redo the intern's segmented income statement using the contribution format. 5. Compute the companywide break-even point in dollar sales. 6. Compule the break-even point in dollar saies for the Commercial Division and for the Residentiai Division. 7. Assume the company declded to poy its sales representatives in the Commercial and Residential Divisions a total monthily salary of $16,500 and $33,000, respectively, and to lower its companywide salos commission percentage from 105 to 5x. Calculate the new break-even point in dollar sales for the Commercial Division and the Aesidential Division. Complete this question by entering your answers in the tabs below. Based on a review of the intern's segmented income statement, how moch of the company's common fixed expenses did she allocate to the Commerciat and Residential segments? the Commercial segment is drapped, and $66,000 of fixed expenses that would disappear if the Residential segment is deopecd Required! 1. Do you agree wish the intern's decislon to use an absotption format for her sepmented income statemen? 2. Based on a review of the intern's segmented income statemen. a. How much of the compary's common fred expeases did she allocate to the Commercial and Acsidential segments? b. Which of the following three allocation bases did she most likely used to allocale common fixed expenses to the Commercial and Residential segments: (a) sales, (b) cost of goods sold, or (c) gross margin? 3. Do you agtee with the intern's decision to allocate the common fixed expenses to the Commercial and Residential segments? 4. Redo the intern's segmented income statement using the contribution format 5. Campute the compampide breakeven point in doliar sales. 6. Compute the break-even poimt in dollar sales for the Commerciar Dwsion and for the Residential Division 7. Assume the company decided to pay its sales representatives in the Commercial and Residential Divisions a total monthly salary of \$16,500 and $33,000, respectively, and to lower its companwide saies commssion percentage from ios to 5 . Calculate the new break-even point in dollar sales for the Commercia Division and Be Alesidential Dision. Complete this queation by entering your answers in the tabs below. Assume the company decided to pay its sales representatives in the Commercial and Residential Divisions a total monthy. saiary of \$16,500 and \$33,000, respectovely, and to lower its companyide sales commisson percentape from 10% to 5%. Cakculate the nee break-even point in doltar sales for the Cemmerciai Diviaion and the Residential Oivision. Noke Round CH ratio to 2 deximal places and final acswers to the nesrest ahole dolar amount. the Commercial segment is dropped, and $66,000 of fixed experisos that would disappear if the Residential segmient is drepped Required: 1. Do you agree with the intern's decision to use an absorption format for her segmented income statement? 2. Bnsed on a review of the intern's segmented income statement. a. How much of the compony/s common foed expenses did she allocate to the Commercial and Residential segments? b. Which of the foliowing three allocation bases did she most likely used to allocate common fixed expenses to the Commercial and Residentisl segments: (a) sales, (b) cost of goods sold, or (c) gross margin? 3. Do you agree with the intern's decision to aliocate the common fixed expenses to the Commercial and Residential segments? 4. Rede the intem's segmented income statement using the contribution format 5. Compute the companywide break-even point in dollor sales. 6. Compute the breok-even point in dollar sales for the Commercial Division and for the Residential Division. 7. Assume the company decided to pay its sales representatives in the Commercial and Residential Divisions a total monthy salary of $16,500 and $33,000, respectively, and to tower its companywide sales commission percentage from tork to 5. Calculate the new break-even point in doliat sales for the Commercial Division and the Pesidential Division. Complete this guestion by entering your answers in the tabs below. Compute the breik-even point in dollar sales for the Commercial Owision and for the Residential Division. Notei flound CM ratio to 2 decinal places and final answers to the nearest whole dollar amount