APA023 nents based on on prepared by Swelter's Swelter Electronics Company (Swelter) sells its electronic products through two segments geographic markets: North America and Europe. Revenue and cost information prepa accountant for the past year relating to the markets are presented below. Sales Variable cost Traceable fixed costs Common fixed costs Market North Europe America $600,000 $850,000 350,000 500,000 200,000 270,000 250,000 Required a) Which market had the highest segment margin in the past year? b) Which market had the highest segment margin percentage in the past year? c) Should Swelter's accountant allocate the common fixed costs to the two segments? Explain