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I need the common fixed expenses percentage then the problem will be complete!!! Safari File Edit View History Bookmarks Window Help Practice see Shannon Company
I need the common fixed expenses percentage then the problem will be complete!!! Safari File Edit View History Bookmarks Window Help Practice see Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $760,000, 60%, and $45,600, respectively. The North Division's contribution margin and contribution margin ratio are $240,000 and 75%, respectively. The South Division's segment margin is $66,000. The company has $91,200 of common fixed expenses that cannot be traced to either division. Required: Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. (Do not rounc your intermediate percentage answers and round your final percentage answers to 1 decimal place (ie...1234 should be entered 12.3).) Divisions Total Company Amount Amount Amount Sales 760,000 100.0 320,000 100.0 440,000 Variable expenses 40.0 80.000 25.0 224,000 50,9 600 240,000 750 216,000 49.1 169,200 52.9 150,000 34.1 304,000 Contribution margin 456,000 Traceable fixed expenses Territorial segment margin 136,800 18.0 70,800 22.1 66,000 15.0 Common fixed expenses 91,200 Net operating income 45,600 18.0
I need the common fixed expenses percentage then the problem will be complete!!!
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