for June is as follows: ment Vulcan Company's contribution format income stater Vulcan Company Income Statenent For the Month Ended June 30 $ 900,000 400,000 500, 000 470, 000 Salea Variable expensen Contribution margin Fixed expenses s 30,000 Net operating income Book Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following: Print rences a. The company is divided into two sales territories-Northern and Southern. The Northern Territory recorded $400,000 in sales and $200,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory Fixed expenses of $172,000 and $135,000 are traceable to the Northern and Southern Territories, respectively. The rest of the flxed 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 $200,000 and $200,000 respectively, in the Northern territory during June. Variable expenses are 26% of the selling price for Paks and 74 % for Tibs. Cost records show that $94,000 of the Northern Territory's fixed expenses are traceable to Paks and $42,000 to Tibs, with the remainder common to the two products. Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories. 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. 9 of 14 Prev Next > Hie pe here to search 88% Help Saved ORK- CH. 6-VARIABLE COSTING AND SEGM... G Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories. 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Prepare contribution format segmented income statements for the total company broken down between sales territories. (Round the percentage answers to one decimal place (i.e .1234 should be entered as 12.3).) es Sales Territory Total Company Northern Southern Amount % Amount % Amount % Reg 1A Req 1B > (Prev 9 of 14 Next > ere to search 88% 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Book Prepare contribution format segmented income statements for the Northern Territory broken down by product line. (Round the percentage answers to one decimal place (i.e.1234 should be entered as 12.3).) Print erences Product Line Northern Territory Paks Tibs Amount % Amount % Amount %
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