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EXERCISE 12-1 Preparing a Segment Performance Report [LO1 - CC3] Indi Services Corporation, headquartered in Bengaluru, India, provides specialized information technology (IT) services and consists
EXERCISE 12-1 Preparing a Segment Performance Report [LO1 - CC3] Indi Services Corporation, headquartered in Bengaluru, India, provides specialized information technology (IT) services and consists of three divisions: (1) financial services, (2) health services, and (3) transportation services. For 2019, it recorded the following data: Total Financial Services $3,956,000 28% 2,145,320 Sales revenues Variable costs (% of sales) Traceable fixed costs Common fixed costs $11,520,000 Transportation Services $1,970,000 45% 730,560 Health Services $5,594,000 40% 2,768,450 5,644,330 1,590,000 Required: 1. Prepare a segment performance report showing the segment margin in dollars and percentages for all three divisions. Use Exhibit 12-3 as a guide. 2. Which segment is most profitable? Why
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