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Could I have an expert solve this? Pharoah Corporation provided the following income statement for two of its divisions: East and West. Revenue Variable expenses
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Pharoah Corporation provided the following income statement for two of its divisions: East and West. Revenue Variable expenses Product Selling and administrative Contribution margin Less fixed costs Operating income East 516,000 376,000 86,000 54,000 106,000 (52,000 West 500,000 266,000 94,000 140,000 106,000 34,000 Total 642,000 180,000 194,000 212,000 (18,000 The home office allocated common fixed costs of $104,000 to East and $38,000 to West. Prepare a segment margin income statement. Omit the heading. (If the amount is negative then enter with a negative sign preceding the number, e.g- -5,125 or parenthesis, e.g- (5,125)-) Revenue Variable expenses Product Selling and administrative Contribution margin Less $ Traceable fixed costs East 516,000 104,000 West 500,000 38,000 Segment margin Common fixed costs Net operating income/loss $ Total 142,000 70,000
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