dit Vlew History Bookmarks Develop WindowHelp Help Save & Exit 6. Assignment Check m Vulcan Company's contribution format income statement for June is as follows For the Month Inded une 30 336,000 Variable expenses Contribution margis ixed expenses Set operating income 379-000 36,000 Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining nt sales and cost records, you have determined the following: a. The company is divided into two sales territories-Northen and Southem, The Northern territory recorded $300,000 in sales and $156,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern teritory. Fixed expenses of $120,000 and $108,000 are traceable to the Northern and Southern territories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two products-Paks and Tibs. Sales of Paks and Tibs totaled $50,000 and $250,000, respectively, in the N he n territory during June. Variable expenses are22% ofthe selling price for Paks and 5S for territory's fxed expenses are traceable to Paks and $40000 to Tilbs, with the remainder common to the two products Required: -a. Prepare contribution format segmented income statements for the total co -b. Prepare contribution format segmented i mpany broken down between sales territories. income statements for the Northern Territory broken down by product line. Complete this question by entering your answers in the tabs below. Req 1A R 18 Prepare contribution format segmented income statements for the Northern Territory broken down by product Ine. (Round the percentage answers to one decimal place (i.e .1234 should be entered as 12.3).) Northern Teritory Tibs 250.000 44,000 0.0 05,000 0.0 ommon teed 0.01 65,000