Chrome File Edit View History Bookmarks Profiles Tab Window Help . 2 Q g Fri Mar 31 4:51 PM D2L W11 Reporting X Assignments - X GNDS 125 final X Question 3 - A X Course Hero X Course Hero X Homework Hel X Kathryn Love L X -> C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com... dj Update Maps D2L smith learning solus Events - Glean Organizational be... Managerial Accou A9 i Saved Help Save & Exit Submit 3 Problem 11-17 Segment Reporting and Decision Making [LO1] Creaston Limited's most recent monthly contribution format income statement is given below: 10 CREASTON LIMITED points Income Statement PM For the Month Ended May 31 Sales $900, 000 100.08 Variable expenses 408, 000 eBook 45 . 3 Contribution margin 492 , 000 54.7 References Fixed expenses 465, 000 51 . 7 Operating income $ 27, 000 3 . 08 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-Central and Eastern. Central Territory recorded $400,000 in sales and $208,000 in variable expenses during May. The remaining sales and variable expenses were recorded in Eastern Territory. Fixed expenses of $160,000 and $130,000 are traceable to Central and Eastern Territories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two products-Kiks and Dows. Sales of Kiks and Dows totalled $100,000 and $300,000, respectively, in Central Territory during May. Variable expenses are 25% of the selling price for Kiks and 61% for Dows. Cost records show that $60,000 of Central Territory's fixed expenses are traceable to Kiks and $54,000 to Dows, with the remainder common to the two products. Required: 1. Prepare contribution format segmented income statements, first showing the total company broken down between sales territories and then showing Central Territory broken down by product line. Show both Amount and Percentage columns for the company in total and for each segment. (Round your percentage answers to 1 decimal place.) Mc Graw Hill 164 MAR 31Chrome File Edit View History Bookmarks Profiles Tab Window Help . 2 Q g Fri Mar 31 4:51 PM D2L W11 Reporting X Assignments - X GNDS 125 final X Question 3 - A X Course Hero X Course Hero X Homework Hel X Kathryn Love L X - C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com... dj Update Maps D2L smith learning solus Events - Glean Organizational be... Managerial Accou A9 i Saved Help Save & Exit Submit Required: 3 1. Prepare contribution format segmented income statements, first showing the total company broken down between sales territories and then showing Central Territory broken down by product line. Show both Amount and Percentage columns for the company in total and for each segment. (Round your percentage answers to 1 decimal place.) Sales Territory 10 points Total Company Centra Eastern PM Amount % Amount % Amount eBook References 0 0. 0 .0 0 .0 0 0.0 $ 0 0.0 $ 0 0.0 $ 0 0.0 Product Line Central Territory Kiks Dows Amount % Amount % Amount 0.0 0 0.0 0 0.0 Mc Graw Hill O 164 MAR 31 cityChrome File Edit View History Bookmarks Profiles Tab Window Help . ~ Q g Fri Mar 31 4:52 PM D2L W11 Reporting X Assignments - X GNDS 125 final X Question 3 - A X Course Hero X Course Hero X Homework Hel X Kathryn Love L X + -> C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com... dj Update Maps D2L smith learning solus Events - Glean Organizational be... Managerial Accou A9 i Saved Help Save & Exit Submit -. - 1 3 0.0 $ 0 0.0 $ 0 0.0 $ 0 0.0 10 points PM eBook Product Line Central Territory Kiks References Dows Amount % Amount Amount % 0 0.0 0 0.0 0 .0 0 0.0 $ 0 0.0 $ 0 0.0 $ 0 0.0 2. This part of the question is not part of your Connect assignment. 3. This part of the question is not part of your Connect assignment. Mc Graw Hill O 164 MAR 31