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Can you help me figure out the Traceable fixed expenses ans common fixed expenses? Thank you ulcan Company's contribution format income statement for June is

image text in transcribedCan you help me figure out the Traceable fixed expenses ans common fixed expenses? Thank you

ulcan Company's contribution format income statement for June is given below: Vulcan Company Income Statement For the Month Ended June 30 Sales Variable expenses Contribution margin Fixed expenses Net operating income $900,000 408,000 492,000 455,000 $ 37,000 Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records you have determined the following a. The company is divided into two sales territories-Northern and Southern. The Northern Territory recorded $400,000 in sales and $208,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $164,000 and $125,00 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed expenses are common to the two territories b. The company is the exclusive distributor for two products-Paks and Tibs. Sales of Paks and Tibs totaled $150,000 and $250,000, respectively, in the Northem territory during June. Variable expenses are 22% of the selling price for Paks and 70% for Tibs. Cost records show that $67,500 of the Northern Territory's fixed expenses are traceable to Paks and $60,000 to Tibs, with the remainder common to the two products Required: 1a. Prepare contribution format segmented income statements for the total company broken down between sales territories. (Do not round your intermediate percentage answers and round your final percentage answers to 1 decimal place (i.e. .1234 should be entered as 12.3).) Sales Territory Total Company Northern Southern Amount Amount Amount Sales Variable expenses Contribution margin S 900,000 408,000 492,000 100.0 400,000 208,000 192,000 164,000 54.7 S 28,000 100.0$ 500,000 200,000 300,000 125,000 7.0$ 175,000 52.0 48.0 41.0 100.0 40.0 60.0 25.0 35.0 45.3 54.7 raceable fixed expenses Sales territory segment margin Common fixed expenses Net operating income 492,000 S 492,000 54.7

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