6-21 (Algo) Segment Reporting and Decision-Making [LO6-4] Vulcan Company's contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ended June 30 Sales Variable expenses Contribution margin Fixed expenses $ 900,000 408,000 492,000 455,000 Net operating income $ 37,000 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 $168,000 in variable expenses during June: the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $204,000 and $120,000 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 $210,000 and $190,000, respectively, in the Northern territory during June. Variable expenses are 23% of the selling price for Paks and 63% for Tibs. Cost records show that $90,300 of the Northern Territory's fixed expenses are traceable to Paks and $34,200 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. 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line Income statements for the total company broken down between sales teritories Complete this question by entering your answers in the tabs below. etlook Req 1A Req 10 Print eferences Prepare contribution format segmented income statements for the total company broken down between sales territories (Round the percentage answers to one decimal place (Le 1234 should be entered as 12.3)) aw Sales Vanable expenses Contribution margin Traceable taxed expenses Temtorial segment margin Common fixed expenses Net operating income Sales Teritory Total Company Amount $900,000 Northam Southern 100 0 $ Amount 400,000 Amount 408.000 100.0 168.000 492.000 00 232.000 1000S 500,000 41.2 240,000 588 260.000 100 0 50.0 412 492,000 00 $ 232,000 588 $ 200 000 412 $ 402,000 00 SMA Req 10> nces 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line format segmented income statements for the total company broken down between sales tentories Complete this question by entering your answers in the tabs below. Req 1A Req 18 Prepare contribution format segmented income statements for the Northern Territory broken down by product line (und the page answers to one decimal place (ie .1234 should be entered as 12.31.) Prodvet Li Northern Territory PAR Tibe Amount Amount T Am 0 00 000 00 0 00 $ 0 00 S 10 00 S 0