Question 10 of 10

Question 10 of 10 CullurN'er Ivanhtk Flooring's accountant. has prepared the following income statement for the nxnth Of May 015 Sales revenue Variable nses Contribution margin Fixed ocrrating income Residen s 2.763000 1,310000 1453.000 805000 Commercial s 3.128000 2.524000 5891.000 3834000 2057.000 1.266000 S 6180m (14000 In preparing the income staternent. Cuiiumber was unsure what to do with $24 3.000 in corporate fixed exgxnses that cannot be traced to a division. Sirve these costs were incurred to run the tRIieved that each divis'on t:r'Ef'ted just allocated half to each division.