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Impact on net income? Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attributable to division.

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Impact on net income?

Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attributable to division. The remaining are common or shared between the two divisions. Required: 1. Present the financial information in the form of a segmented income statement (using the contribution margin approach). 2. What will be the impact on net income if the Magazine Division is eliminated? Complete this question by entering your answers in the tabs below

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