A retail electronic store has three segments' Laptops, Television and Speakers. The contribution as a percentage of sales is 40% for the retail store as a whole. Management is considering to close the least profit making/loss making division. The table showing the details of each segment and the company as a whole Particulars Laptops Television Speakers Total Sales Rs. 5,00,000 Rs. 6,00,000 Rs. 2,50,000 Rs. 13,50,000 Variable Cost 40% 30% 40% Segment Specific Rs. 1,20,000 Rs. 1,00,000 Rs. 60,000 Rs. 2,80,000 fixed cost Allocated business Rs. 3,00,000 wide costs As an accountant, you are required to: a. Estimate the allocated business wide cost based on your judgement. The allocated business wide cost should be allocated on certain basis. Based on your estimate for allocated business wide costs, provide the working of the profit/loss based on the details provided in the question. (8 m) b. Based on the above working, decide whether any division needs to be closed out? Provide a clear justification to the management with the proper figures, if any. (Provide clear reasoning and calculations to justify your answer). (7 m)