Having a hard time setting up this problem. Any help is greatly appreciated! Thank you in advanced
Crossfire Company segments its business into two regions-East and West. The company prepared a contribution format segmented income statement as shown below: Total Company East West Sales $ 960,000 $ 640,000 $ 320,000 variable expenses 672,000 480, 000 192,000 Contribution margin 288,000 160,000 128,000 Traceable fixed expenses 158, 000 69,000 89,000 Segment margin 130, 000 91,000 39,000 Common fixed expenses 70,000 Net operating income $ 60,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the East region. 3. Compute the break-even point in dollar sales for the West region. 4. Prepare a new segmented income statement based on the break-even dollar sales that you computed in requirements 2 and 3. Use the same format as shown above. What is Crossfire's net operating income (loss) in your new segmented income statement? 5. Do you think that Crossfire should allocate its common fixed expenses to the East and West regions when computing the break- even points for each region? Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 Req 5 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the East region. 3. Compute the break-even point in dollar sales for the West region. (Round your intermediate calculations to 2 decimal places.) Show less A Break-Even Point Dollar sales for the whole company : Dollar sales for the East region Dollar sales for the West regionReg 1 to 3 Req 4 Req 5 Prepare a new segmented income statement based on the break-even dollar sales that you computed in requirements 2 and 3. Use the same format as shown above. What is Crossfire's net operating income (loss) in your new segmented income statement? (Round your intermediate calculations to 2 decimal places.) Total Company East West 0 0