sorry i know similar questions have been posted but I'm still very confused and don't have much time! thank you

Pacific Rim Industries is a diversified company whose products are marketed both domestically and internationally. The companys major product lines are furniture, sports equipment, and household appliances. At a recent meeting of Pacific Rims board of directors, there was a lengthy discussion on ways to improve overall corporate profitability. The members of the board decided that they required additional financial information about individual corporate operations in order to target areas for improvement.

Danielle Murphy, the controller, has been asked to provide additional data that would assist the board in its investigation. Murphy believes that income statements, prepared along both product lines and geographic areas, would provide the directors with the required insight into corporate operations. Murphy had several discussions with the division managers for each product line and compiled the following information from these meetings.

1. The division managers concluded that Murphy should allocate fixed manufacturing overhead to both product lines and geographic areas on the basis of the ratio of the variable costs expended to total variable costs.

2. Each of the division managers agreed that a reasonable basis for the allocation of depreciation on plant and equipment would be the ratio of units produced per product line (or per geographical area) to the total number of units produced.

3. There was little agreement on the allocation of administrative and selling expenses, so Murphy decided to allocate only those expenses that were traceable directly to a segment. For example, manufacturing staff salaries would be allocated to product lines, and sales staff salaries would be allocated to geographic areas. Murphy used the following data for this allocation.

4. The division managers were able to provide reliable sales percentages for their product lines by geographical area.

   Required:

5. Prepare a segmented income statement for Pacific Rim Industries based on the companys geographical areas. The statement should show the operating income for each segment. (Do not round your intermediate calculations and round your final answers to the nearest dollar amount.

6. 

Product Lines Furniture Sports Appliances Total 520,300 Production and sales in units Average selling pri Average variable manufacturing cost per unit Average variable selling expense per unit Fixed manufacturing overhead, 151,250 $ 10.00 6.00 2.00 217,800 151,250 22.00 22.00 16.00 2.00 ce per uni 10.50 2.00 exc Depreciation of plant and equipment Administrative and selling expense 495,000 416,240 1,150,000 luding depreciation Manufacturing Staff Furniture Sports Appliances Sales Staff $126, 000 United States 146,000 Canada 86,000 Asia 66,000 106,000 256,000 Percentage of Unit Sales Furniture Sports Appliances United States 50% 30% 20% Canada 10% 308 20% Asia 40% 40% 60 % Murphy prepared the following product-line income statement based on the data presented above PACIFIC RIM INDUSTRIES Segmented Income Statement by Product Lines For the Fiscal Year Ended April 30, 20x0 Product Lines Sports Furniture Appliances Unallocated Total 217,800 $1,512,500 $4,791,600 1210,0002,722,500 151,250 151,250 Sales in units Sales Variable manufacturing and selling costs Contribution margin Fixed costs: $9,631,600 6,655,000 $3,327,500 21223 2,722,500 302,500 $2.069,100 5605,00 Pixed manufacturing overhead Depreciation Administrative and selling expenses Total fixed costs 495,000 416,240 1,150,000 $792,000$2,061,240 $ 915,360 $ 90,000 121,00 126,000 337,000 202,500 202,500 121,000 86,000 522,740 409 200 195,500 174,240 146,000 792,000 Operating income (loss) $ (34,500 $1,546,360 $(792,000) PACIFIC RIM INDUSTRIES Segmented Income Statement by Geographic Areas For the Fiscal Year Ended April 30, 20x0 Geographic Areas United States Canada Asia Unallocated Total Sales in units 48,000 Furniture Sports Appliances 48,000 Total unit sales 48,000 48,000 Revenue Furniture Sports Appliances Total revenue Variable costs Furniture Sports Appliances Total variable costs Contribution margin Fixed costs Manufacturing overhead Depreciation Administrative and selling expenses Total fixed costs Operating income (loss)