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Exercise D10-7 Jane Baldwin, Anderson Flooring's accounting intern, has prepared the following income statement for the month ofJune. Sales revenue $1,811,000 3,129,900 4,940,900 Variable expenses
Exercise D10-7 Jane Baldwin, Anderson Flooring's accounting intern, has prepared the following income statement for the month ofJune. Sales revenue $1,811,000 3,129,900 4,940,900 Variable expenses Contribution margin Fixed expenses 1,001,000 2,529,000 3,530,000 600,900 1,410,900 616,100 1,253,200 810,000 637,100 Operating income 172,900$(15,200) 157,700 In preparing the income statement, Jane was unsure what to do with$43,000 irn corporate fixed expenses that cannot be traced to a particular division. Since these costs were incurred to run the business as a whole, and she believed that each division benefite d equally, she just allocated halfto each division. Prepare a segment margin income statement that highlights each division's contributionto corporate profits. (If the amount is negative then enter with a negative sign preceding the number e.g. -5,125 or parenthesis, e.g. (5,125).) Residential Commercial Total bution marain Common xed cxpensca Oporasng income scament margin
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