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Monty, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The company's latest income statement is presented
Monty, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The company's latest income statement is presented by product line as follows: Yachts Sailboats Jet Skis Total Sales revenue $ 62,848,000 $ 23,810,000 $ 6,447,000 $ 93,105,000 Variable cost of goods sold 30,161.000 13,450,000 3,696,000 47,307,000 9,004,000 5,000,000 702,000 14.706,000 Fixed cost of goods sold Gross profit Variable operating expenses 23,683,000 5,360,000 2,049,000 31,092,000 8,011,000 1,510,000 851,000 10,372,000 Fixed operating expenses 4,026,000 1,030,000 348,000 5,404,000 Allocated corporate costs 3,010,000 2.015,000 1,010,000 6,035,000 Operating income $ 8,636,000 $ 805,000 $ (160,000) $ 9,281,000 (a) Prepare a segment margin income statement showing each of the three divisions. Fixed cost of goods sold and fixed operating expenses can be traced to each product line. (If the amount is negative then enter with a negative sign preceding the number, e.g.-5,125 or parenthesis, e.g. (5,125).) Yachts Sailboats Jet Skis Total $ $ $ $ Cost of goods sold Common fixed expenses Contribution margin Sales revenue Operating expenses Traceable fixed expenses Segment margin Variable expenses Operating income $ $ $ $
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