Question 33 (10 points) Problem 3 Knitters Knit Inc. produces high-end sweaters and jackets in a single factory. The following information was provided for the upcoming year. Sweaters Jackets Sales $340,000 S615,000 Variable cost of goods sold 280,000 300.000 Direct fixed overhead 30,000 50,000 A sales commission of 5% of sales is paid for each of the two product lines. Direct fixed selling and administrative expense was estimated to be $25,000 for the sweater line and $65,000 for the jacket line. Common fixed overhead for the factory is estimated to be $75.000. Common selling and administrative expense was estimated to be $22,000, Prepare a segmented income statement for next year using variable costing. 1. What is the Sweater division total contribution margin? 2. What is the Jackets division total contribution margin? 3. What is the Sweater division segment margin? 4. What is the Jackets division segment margin? 5. What is the total company operating income