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Conrad Company has divided its business into segments based on sales territories: East Coast, Midland, and West Coast. Following are financial data for 2018: E:
Conrad Company has divided its business into segments based on sales territories: East Coast, Midland, and West Coast. Following are financial data for 2018: E: (Click the icon to view the financial data.) Prepare an income statement for Conrad Company for 2018 using the contribution margin format assuming total fixed costs for the company were $475,000. Include columns for each business segment and a column for the total company. Begin by preparing the contribution margin income statement for each segment, then for the total of the company. Conrad Company Contribution Margin Income Statement For the Year Ended December 31, 2018 East Coast Units Sold units Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income Data Table East Coast Midland West Coast Units sold 74 70 58 Sales price per unit $ 10,500 $ 12,700 $ 12,200 Variable cost per unit 7,245 6,985 6,222 Print Done Enter any number in the edit fields and then click Check Answer. ? 3 parts remaining Clear All Check
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