respectively, in the Northern territory during June. Variable expenses are 28% of the selling price for Paks and 68% for Tibs. Cost records show that $78,400 of the Northern Territory's fixed expenses are traceable to Paks and $55,200 to Tibs, with the remainder common to the two products. equired: - Prepare contribution format segmented income statements for the total company broken down between sales territories. b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Complete this question by entering your answers in the tabs below. Prepare contribution format segmented income statements for the total company broken down between sales territories. (Round the percentage answers to one decimal place (L.e 1234 should be entered as 12.3 ). Vulcan Company's contribution format income statement for June is as follows: Management is disappointed wah the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following a. The company is divided into two sales territonies - Nonthem and Southern. The Northern Territory recorded $400,000 in sales and $208,000 in variable expenses during June, the remaining sales and variable expenses were recorded in the $0, thern Ternitory Fixed expenses of $180,000 and $145,000 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed expenses are common to the two territories b. The company is the exclusive distributor for two products - Paks and Tibs Sales of Paks and Tibs totaled $160,000 and $240,000, respectively, in the Nortivern territory during June. Variable expenses are 28% of the selling price for Paks and 68% for Tibs. Cost records show that $78,400 of the Northern Territory's fixed expenses are traceable to Paks and $55,200 to Tibs, with the remainder common to the two products Prepare contribution format segmented income statements for tho Northern Territory broken down by product line. (Round the percentage answers to ooe decitnal place (Le .1234 should be entered as 12.3).) Prepare contribution format segmented income statements for the total company broken down between sales territories. (Round the percentage answers to one decimal place (i.e .1234 should be entered as 12.3) )