I just need the percentages of variable expenses, traceable fixed expenses, and the common fixed expenses.
Vulcan Company's contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ended June 30 Sales $ 900 , 000 Variable expenses 408 , 000 Contribution margin 492,000 Fixed expenses 455,000 Net operating income 37,000 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: a. The company is divided into two sales territories-Northern and Southern. The Northern Territory recorded $400,000 in sales and $208,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $164,000 and $125,000 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed 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 $150,000 and $250,000, respectively, in the Northern territory during June. Variable expenses are 22% of the selling price for Paks and 70% for Tibs. Cost records show that $67,500 of the Northern Territory's fixed expenses are traceable to Paks and $60,000 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. Complete this question by entering your answers In the tabs below. Req 1A Req 1B 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).) Product Line Northern Territory Paks Tibs Amount % Amount Amount % Sales $ 400,000 100.0 $ 150,000 100.0 $ 250,000 100.0 Variable expenses 208,000 33,000 175,000 29.0 Contribution margin 192,000 100 0 117,000 100.0 75,000 71.0 Traceable fixed expenses 127,500 67,500 60,000 20.0 Product line segment margin 64,500 100.0 $ 49,500 100.0 $ 15,000 51.0 Common fixed expenses 36,500 Sales territory segment margin $ 28,000 100.0