Examine the preformatted detailed contribution income statements below. Select the boxed areas within the statement and use the drop-down pick list to determine which account logically would appear in the indicated location. A correct selection will cause the box to turn green. Continue until all boxes are green. Afterwards, answer the questions that follow, noting that correct choices turn the answer box green. XY CORPORATE SUMMARY REPORT CONTRIBUTION INCOME STATEMENTS For the Year Ending December 31, 20XX Company Total Division X Division Y Net sales $ 1,400,000 $ 600,000 $ 800,000 Less: $ 450,000 $ 250,000 $ 200,000 Variable SG&A Total variable cost 225,000 25,000 200,000 $ 675,000 $ 275,000 $ 400,000 $ 725,000 325,000 $ 400,000 Less: Controllable fixed costs 250,000 85,000 100,000 S 540,000 $ 240,000 $ 300,000 Less: Uncontrollable fixed costs 225,000 75,000 150,000 $ 315,000 165,000 150,000 Less: Net income 250,000 65,000 Which division has the higher contribution margin? >>>> Which division has the higher contribution margin ratio? >>>> Which margin is most useful in evaluating segment viability? >>>> Which margin is most useful in evaluating segment management? >>>> Question 1 The highest Contribution Margin is? Question 2 1 pts 1 pts The highest Contribution Margin Ratio is? Note: Enter up to three decimals. For example for 36.28% enter 0.363 Question 3 1 pts Which margin is most useful in evaluating segment viability? Contribution margin None of the Above Controllable contribution margin O Segment Margin Question 4 Which margin is most useful in evaluating segment management? Segment margin Contribution margin Controllable contribution margin O ROA margin 1 pt Question 5 The Contribution Margin can be calculated under the Absorption Costing method. True False