Carla Vista Equipment sells equipment to sports enthusiasts. Doug Carla Vista, the companys president, just received the following income statement reporting the results of the past year.

		Baseball			Soccer		Basketball			Total
Sales revenue		$1,210,000			$3,480,000		$2,294,000			$6,984,000
Variable cost of goods sold		821,000			2,262,000		1,841,600			4,924,600
Fixed cost of goods sold		111,200			181,200		159,800			452,200
Gross profit		277,800			1,036,800		292,600			1,607,200
Variable operating expenses		164,200			556,800		229,400			950,400
Fixed operating expenses		76,800			81,200		70,500			228,500
Common fixed costs		58,000			125,000		93,700			276,700
Operating income		($21,200)			$273,800		($101,000)			$151,600

Doug is concerned that two of the companys 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 fixed 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, e.g. (5,125).)

		Baseball		Soccer		Basketball		Total
select an income statement item Segment MarginCost of Goods SoldOperating ExpensesOperating IncomeSales RevenueVariable ExpensesTraceable Fixed ExpensesContribution MarginCommon Fixed Expenses		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
select between addition and deduction LessAdd:select an opening name for section one Sales RevenueCost of Goods SoldOperating IncomeVariable ExpensesSegment MarginOperating ExpensesContribution MarginTraceable Fixed ExpensesCommon Fixed Expenses
select an income statement item Common Fixed ExpensesOperating IncomeVariable ExpensesContribution MarginSales RevenueOperating ExpensesSegment MarginTraceable Fixed ExpensesCost of Goods Sold		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Segment MarginOperating IncomeSales RevenueOperating ExpensesCommon Fixed ExpensesContribution MarginTraceable Fixed ExpensesVariable ExpensesCost of Goods Sold		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the first part Variable ExpensesContribution MarginSales RevenueOperating IncomeOperating ExpensesSegment MarginTraceable Fixed ExpensesCost of Goods SoldCommon Fixed Expenses		enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part
select an opening name for section two Operating IncomeOperating ExpensesTraceable Fixed ExpensesCommon Fixed ExpensesCost of Goods SoldContribution MarginSales RevenueSegment MarginVariable Expenses
select an income statement item Contribution MarginCost of Goods SoldSegment MarginVariable ExpensesOperating ExpensesTraceable Fixed ExpensesOperating IncomeCommon Fixed ExpensesSales Revenue		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Sales RevenueOperating IncomeOperating ExpensesVariable ExpensesContribution MarginCommon Fixed ExpensesSegment MarginCost of Goods SoldTraceable Fixed Expenses		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the second part Traceable Fixed ExpensesCost of Goods SoldOperating ExpensesSegment MarginContribution MarginCommon Fixed ExpensesVariable ExpensesOperating IncomeSales Revenue		$enter a total amount for the second part		$enter a total amount for the second part		$enter a total amount for the second part		enter a total amount for the second part
select an income statement item Common Fixed ExpensesOperating IncomeSales RevenueSegment MarginOperating ExpensesContribution MarginVariable ExpensesTraceable Fixed ExpensesCost of Goods Sold								enter a dollar amount
select a closing name for this statement Traceable Fixed ExpensesOperating IncomeCost of Goods SoldContribution MarginSegment MarginCommon Fixed ExpensesOperating ExpensesVariable ExpensesSales Revenue
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