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please help will give likes 650 TOPIC 7 Assignment Question 2 of 12 -/5 View Policies Current Attempt in Progress Flint,Ltd. manufactures boats and personal
please help will give likes
650 TOPIC 7 Assignment Question 2 of 12 -/5 View Policies Current Attempt in Progress Flint,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: Total $ 93,393,000 Sales revenue Variable cost of goods sold Fixed cost of goods sold Gross profit Variable operating expenses Fixed operating expenses Yachts Sailboats Jet Skis $ 62,485,000 $ 24,640,000 $ 6.268,000 31,809,000 13,930.000 3,641,000 9.001,000 5,020,000 700,000 21,675,000 5,690,000 1.927.000 8,005,000 1,520,000 865.000 4,035,000 1,020,000 324.000 49,380,000 14.721,000 29.292,000 10,390,000 5,379,000 Allocated corporate costs 3,005,000 2.032,000 1.001.000 6,038,000 Operating income $ 6,630,000 $ 1.118,000 $ (263,000) $ 7.485.000 al (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 Sales revenue $ $ Less : Variable expenses + Cost of goods sold + Operating expenses 2 Contribution margin Common fixed expenses : Cost of goods sold Traceable fixed expenses $ $ $ Segment margin Common fixed expenses Operating income Step by Step Solution
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