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Splendid, Inc., has two product lines, Alpha and Beta. Its September segmented income statements by product line are as follows: SPLENDID, INC. Segmented Income Statements
Splendid, Inc., has two product lines, Alpha and Beta. Its September segmented income statements by product line are as follows: SPLENDID, INC. Segmented Income Statements by Product Line For Month of September Alpha Beta Total Sales $ $ $ Less variable expenses Contribution margin Less direct fixed expenses Product margin $ $ $ Less common fixed expenses Operating income $ Alpha and Beta are sold in two territories, Manitoba and Saskatchewan, as follows: Manitoba MB Saskatchewan SK Alpha sales $ $ Beta sales Total sales $ $ The preceding common fixed expenses are traceable to each territory as follows: Manitoba fixed expenses $ Saskatchewan fixed expenses Home office administration fixed expenses Total common fixed expenses $ The direct fixed expenses of Alpha, $ and of Beta, $ cannot be identified with either territory. The company's accountants were unable to allocate any of the common fixed expenses to the various segments. Required: On the following page, complete in good format, ie in details, the September segmented income statements by territory with product details for each territory.
Splendid, Inc., has two product lines, Alpha and Beta. Its September segmented income statements by product line are as follows:
SPLENDID, INC.
Segmented Income Statements by Product Line
For Month of September
Alpha
Beta
Total
Sales
$
$
$
Less variable expenses
Contribution margin
Less direct fixed expenses
Product margin
$
$
$
Less common fixed expenses
Operating income
$
Alpha and Beta are sold in two territories, Manitoba and Saskatchewan, as follows:
Manitoba MB
Saskatchewan SK
Alpha sales
$
$
Beta sales
Total sales
$
$
The preceding common fixed expenses are traceable to each territory as follows:
Manitoba fixed expenses
$
Saskatchewan fixed expenses
Home office administration fixed expenses
Total common fixed expenses
$
The direct fixed expenses of Alpha, $ and of Beta, $ cannot be identified with either territory. The company's accountants were unable to allocate any of the common fixed expenses to the various segments.
Required:
On the following page, complete in good format, ie in details, the September segmented income statements by territory with product details for each territory.
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