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Jane Baldwin, Anderson Flooring's accounting intern, has prepared the following income statement for the month of June. Total Sales revenue Variable expenses Contribution margin Fixed
Jane Baldwin, Anderson Flooring's accounting intern, has prepared the following income statement for the month of June. Total Sales revenue Variable expenses Contribution margin Fixed expenses Operating income 168,700 (26,100) 1,810,0003,127,300 4,937,300 2,535,000 3,541,000 1,396,300 618,400 1,253,700 142,600 1,006,000 804,000 635,300 592,300 In preparing the income statement, Jane was unsure what to do with $27,000 in corporate fixed expenses that cannot be traced to a particular division. Since these cests were incurred to run the business as a whole, and she believed that each division benefited equally, she just allocated half to each division Prepare a segment margin income statement that highlights each division's contribution to corporate profits. (If the amount is negative then enter with a negative sign preceding the number e.g.-5,125 or parenthesis. e.g. (5,125s).) ResidentialCommercial Total
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