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I was able to plug some numbers in but i need help with the rest. thank you! Check my work Shannon Company segments its income
I was able to plug some numbers in but i need help with the rest. thank you!
Check my work 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 $1,170,000,48%, and $23,400, respectively. The North Division's contribution margin and contribution margin ratio are $202,800 and 52%, respectively. The South Division's segment margin is $226,200. The company has $339,300 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. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your percentage answers to 1 decimal place (ie. 0.1234 should be entered as 12.31.) Divisions North South Amount Amount Total Company Amount $ 1.170.000 1000 520 480 % 100.0 100.0 202,800 52.0 Sales Variable expenses Contribution margin Traceable forced expenses Territorial segment margin Common fred expenses Net operating income 226,200 339,300 23.400 $ Net Step by Step Solution
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