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CALCULATOR R VERSION IBACK Exercise 10-7 Jane Baldwin, Anderson Flooring's accounting intern, has prepared the following income statement for the month of June. Total Sales
CALCULATOR R VERSION IBACK Exercise 10-7 Jane Baldwin, Anderson Flooring's accounting intern, has prepared the following income statement for the month of June. Total Sales revenue Variable expenses Contribution margin Fixed expenses Operating income142,600 S 1,804,000 3,125,300 4,929,300 3,552,000 1,377,300 1,248,200 (13,500)$129,100 1,029,000 775,000 632,400 2,523,000 602,300 615,800 In preparing the income statement, lane was unsure what to do with $42,000 in corporate fixed expenses that cannot be traced to a particular division. Since these costs were incurred to run the business asa whole, and she believed that each division benefited equally, she just allocated half to each division. Prepare a segment margin ncome statement that highlights each division's contribution to corporate profits. If the amount parenthesis. e.g. (5,125).) negative then enter with a negative sign preceding the number e 5,125 or Residential Question Attempts: O of 15 used
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