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please show your work Kanata Nurseries Inc. grows poinsettias and fruit trees in a green houseursery operation. The following information was provided for the coming
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Kanata Nurseries Inc. grows poinsettias and fruit trees in a green houseursery operation. The following information was provided for the coming year Poinsettias Fruit Trees Sales Variable cost of goods sold Direct fixed overhead A sales commission of 4% of sales is paid for each of the two product lines. Direct fixed selling and administrative expense was estimated to be $146,000 for the poinsettia line and $87,000 for the fruit tree line. Common fixed overhead for the nursery operation was estimated to be $800,000; common selling and administrative expense was estimated to be $450,000 Required: $980,000 $2,920,000 1,630,000 200,000 460,000 160,000 Hide Prepare a segmented income statement for Kanata Nurseries for the coming year, using variable costing. Kanata Nurseries Inc. Segmented Income Statement For the Coming Year Poinsettias Fruit Trees Total Sales Less variable expenses: Variabie cost of goods sold Variabie seling expense Contribution margin Less direct fixed expenses: Direct fixed overhead Direct seling and administrat ? Seement margin Less common fixed expenses: Common fixed overhead Common seine and admnistr. Operating income (loss)Step by Step Solution
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