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Baring Inc. is a decentralized organization operating with three segments. In 2020, Baring recorded the following: Sales $2,100,000 Variable costs 868,900 Contribution margin 1,231,100 Fixed
Baring Inc. is a decentralized organization operating with three segments. In 2020, Baring recorded the following: Sales $2,100,000 Variable costs 868,900 Contribution margin 1,231,100 Fixed costs 1,325,000 Operating income $(93,900) (loss) The President of Baring Inc. has requested segmented reporting based on the three segments. Accordingly, the following information was obtained: Sales Variable costs as percentage of sales Traceable fixed costs Segments West Coast East Coast Prairies $610,000 $809,000 $681,000 58% 30% 40% $330,000 $540,000 $310,000 Based on this information, respond to the following questions in the respective answer box. 1. What is the value of the common fixed costs? 2. What is the segment margin for the West Coast? 3. What is the segment margin for the East Coast? 4. What is the segment margin for the Prairies? Note: for all values use the format ###,### without dollar ($) sign and use () for any reported operating loss. Round all final numbers to the nearest dollar
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