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Data for June for Nahant Corporation and its two major business segments, North and South, appear below: Sales revenues, North $620,000 Variable expenses, North $359,700

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Data for June for Nahant Corporation and its two major business segments, North and South, appear below: Sales revenues, North $620,000 Variable expenses, North $359,700 Traceable fixed expenses, North $ 74,100 Sales revenues, South $478,400 Variable expenses, South $273,000 Traceable fixed expenses, South $ 61,900 In addition, common fixed expenses totaled $167,800 and were allocated as follows: $87100 to the North business segment and $80,700 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is

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