Question
Sheridan Corporation produces and sells two products, Basic and Super. Data for activity during March are as follows: Basic Super Sales $207,000 $257,000 Contribution
Sheridan Corporation produces and sells two products, Basic and Super. Data for activity during March are as follows: Basic Super Sales $207,000 $257,000 Contribution margin 25% 28% Total fixed costs $72,000 $72,000 Prepare a segment margin income statement. Omit the heading. Common fixed costs of $32,000 are allocated Basic and $37,000 to Super. (If the amount is negative then enter with a negative sign preceding the number, eg.-5,125 or parenthesis, e.g. (5,125).) Basic 207000 Variable expenses 155250 nargin 51750 Super 257000 185040 71960 Total 464000 340290 i 804290 Traceable fixed expenses 72000 72000 144000 in expenses income/loss 0 -20250 -40 SA -20290 69000 89290 ENG
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