Checy w Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $490,000, 38%, and $9,800, respectively. The North Division's contribution margin and contribution margin ratio are $100,800 and 42%, respectively. The South Division's segment margin is $35.000. The company has $68,600 of common fixed expenses that cannot be traced to either division pod Required: Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your percentage answers to 1 decimal place (i.e 1234 should be entered as 12.3).) ok at Divisions at South Total Company Amount North Amount Amount aces SER 4 Check my work Ida Sidha Karya Company is a family owned company located in the village of Gayer on the land of Balindonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to anyone. The games are sold for 500 Selected data for the company's operations last year follow 2 point 310 250 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct strikts Direct labor Variable Manufacturing overhead Variable selling and adninistrative Fixed costs: Fixed manufacturing overhead Fixed selling and dinistrative 5 138 $ 350 55 $ 5 62,00 $ 26,00 The absorption costing Income statement prepared by the company's accountant for last year appears below. Sates Cost of goods sold Gross margin Selling and administrative expense Net operating Income 5 254,100 204,400 50, 37,200 $13.20 Required: 1. Under absorption costing, how much foxed manufacturing overhead cost is included in the company's inventory at the end of tot year? 2. Prepare an income statement for last year using variable costing Na Required: 1. Under absorption costing, how much foved manufacturing overhead cost is included in the company's inventory at the end of inst 2. Prepare an income statement for last year using variable costing, year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Fixed manufacturing overhead cost included in inventory 2 points Required 1 Required 2 Prepare an income statement for last year using variable costing. eBook Hint Ida Sidha Karya Company Variable Costing Income Statement Print References (Required Mc
