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Question 5 10 pts Custom Auto Company has two divisions-East and West. The following financial information is for the most recent fiscal year of the

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Question 5 10 pts Custom Auto Company has two divisions-East and West. The following financial information is for the most recent fiscal year of the East division: Sales $2,000 Variable production costs $850 Variable selling and admin expenses $140 Fixed direct selling and admin expenses $560 Allocated indirect fixed overhead costs $600 All variable costs are direct costs. Prepare an income statement showing contribution margin, contribution to indirect expenses and net income. Explain how this income statement could be misleading. BIVA-A-I E 33 11 - V T T 12pt

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