Blakefield, Inc. has grown significantly over the past decade through innovation and acquisition. Information on several of its divisions follows. . The OlliePods division sells children's recreational shoes. The division's president is responsible for all short-run decisions on the manufacturing and sale of the shoes. . The Polyspreen division manufactures the main ingredient for the shoes produced by Olliepods. All Polyspreen output is transferred to the OlliePods division. . All long-run strategic decisions for the Olliepods and Polyspreen divisions are made by the staff at corporate headquarters. . Monk Recreation, which operates a regional chain of retail sporting goods stores, is Blakefield's newest corporate acquisition. Blakefield managers have decided to retain all Monk Recreation employees, and all decision-making responsibility related to the sporting goods stores remains with those employees. (a) Classify each of the three divisions of Blakefield, Inc. as a cost center, a profit center, or an investment center. OlliePods Profit center Cost center Polyspreen Investment center Monk Recreation (b) What type of responsibility center is the corporate headquarters group?Monty, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailbo; andjet skis. The company's latest income statement is presented by product line as follows: Yachts Sailboats Jet Skis Total Sales revenue $ 62,848,000 $ 23,810,000 $ 6,447,000 $ 93,105,000 Variable cost of goods sold 30,16 1,000 13,450,000 3,696,000 47,307,000 Fixed cost of goods sold 9,004,000 5,000,000 702,000 14,706,000 Gross prot 23,683,000 5,360,000 2,049,000 31,092,000 Variable operating expenses 8,011,000 1,510,000 851,000 10,372,000 Fixed operating expenses 4,026,000 1,030,000 348,000 5,404,000 Allocated corporate costs 3,010,000 2,015,000 1,010,000 6,035,000 Operating income $ 8,636,000 $ 805,000 $ (160,000 ) $ 9,281,000 (a) Prepare a segment margin income statement showing each of the three divisions. Fixed cost of goods sold and xed oper expenses can be traced to each product line. (if the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).) Yachts Sailboats Je Contribution margin 35 $ $ Common fixed expenses Operating income Sales revenue 1? Traceable fixed expenses Operating expenses Cost of goods sold Variable expenses Segment margin Prepare a segment margin income statement showing each of the three divisions. Fixed cost of goods sold and fixed operating expenses can be traced to each product line. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).) Yachts Sailboats Jet Skis Total $ $ $ $ $ $Carla Vista Equipment sells equipment to sports enthusiasts. Doug Carla Vista, the company's president, just received the following income statement reporting the results of the past year. Baseball Soccer Basketball Total Sales revenue $1,330,000 $3,810,000 $2,503,000 $7,643,000 Variable cost of goods sold 898,000 2,476,500 2,017,600 5,392,100 Fixed cost of goods sold 12 1,100 197,700 174,100 492,900 Gross prot 310,900 1,135,800 311,300 1,758,000 Variable operating expenses 179,600 609,600 250,300 1,039,500 Fixed operating expenses 83,400 88,900 77,100 249,400 Common xed costs 63,500 136,000 102,500 302,000 Operating income ($15,600) $301,300 ($118,600) $167,100 Doug is concerned that two of the company's divisions are showing a loss, and he wonders if the company should stop selling baseball and basketball gear to concentrate solely on soccer gear. (a) Prepare a segment margin income statement. Fixed cost of goods sold and xed operating expenses can be traced to each division. (if the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, 2.3. (5,125).) Baseball Soccer m $ $ $ Common Fixed Expenses Cost of Goods Sold Contribution Margin Operating Income Variable Expenses Operating Expenses Segment Margin Traceable Fixed Expenses Sales Revenue $ $ $\f