Prepare a segment income statements showing the product margin for each product. Include a column for the entire company.
Please use the template below:
	Patrony Bakery
	Product and Company Income Statements
	For Month of March
		Donuts	Bread	Pastries	Company
Sales:
Jacksonville
Hartford
Total
Variable Expenses:
Baking
Selling
Total
Contribution Margin
Direct Fixed baking expenses
Product Margin
Less unallocated fixed costs
Net Income

Patrony Bakery bakes 3 products: donuts, bread, and pastries. It sells them in the cities of Jacksonville and Hartford. For March, its first month of operation, the following income statement was prepared Minnesota Bread Company Territory and Company Income Statements For Month of March Minneapolis St. Paul Total Sales Cost of Goods sold Gross profit Selling and Administrative expenses Net Income $2,100$500 $ 2,600 1800 800 625 1500 600 400 300 200 225 200 $ (25)$ 175 Sales and selected variable expense data are as follows Products Donuts Sales inMinneapolis Sales in St. Paul Variable baking expenses as a percentage of sales Variable selling expenses as a percentage of sales Fixed baking expenses-direct BreadPastries $850$900$350 $200 $150 $150 60% 5% $200 $140 $110 50% 4% 4% Fixed selling and Administrative expenses-common unallocated $511