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Shannon Company segments its income statement in its North and South Division. The company's overall sales, contribution margin ratio, and net operating income are $
Shannon Company segments its income statement in its North and South Division. The company's overall sales, contribution margin ratio, and net operating income are $ and $ respectively. The North Division's contribution margin and contribution margin ratio are $ and respectively. The South Division's segment margin is $ The company has $ of common fixed expenses that cannot be traced to either division.
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Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. Round your percentage answers to decimal place ie should be entered as
tableDivisionsTotal Company,North,SouthAmount,Amount,Amount,
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