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Can you help me this question? ABC Company operates two divisions with the following sales and expense information for the month of August: Division 1:
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ABC Company operates two divisions with the following sales and expense information for the month of August: Division 1: sales, $134,000; contribution margin ratio, 50%; direct fixed expenses, $27,500. Division 2: sales, $90,500; contribution margin ratio, 70%, direct fixed expenses, $17,750. ABC Company's total fixed expenses during August was $112,600. Required: Prepare a segmented income statement for ABC Company to determine the segment margin for Divisions 1 and 2 and the operating income for ABC Company. Total Company Division 1 Division 2 Sales Variable expenses Contribution margin Direct fixed expenses Segment margin Common fixed expenses Operating incomeStep by Step Solution
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