Textbook Professional Company Division Division Total 5120,000 5245,000 5355,000 Sales Less variable expenses Manufacturing Soiling and administrativo Total / Contribution terem Loss direct fixed expenses Net income il 19.200 5,000 25.200 94.900 12.000 512.200 123.000 142200 12.30 18.300 135.300 160.500 110.700 205.500 120.000 132.000 573.500 S 500 Management is concerned about the Professional Division and requests add tional analysis, Additional information regarding May operations of the Professional Division is as follows: San Variable manufacturing expenses as a percentage of sales Other variable expenses as a percentage of sales Direct fixed expenses Allocated common fized expenses the Professional Division Accounting Executive Management Books Books Books Segment Segment Segment 584,000 584.000 $70,000 6046 402 504 3 5 59 $50,000 $44080 52,400 51.200 53.500 $10.000 The professional accounting books are sold to auditors and controllers. The current information on these markets is as follows: Sales Variable manufacturing expenses as a percentage of sales Other variable expectat perange of sales Directed expenses Allocated common fue expenses Required Accounting Books Segment Auditors Market Controllers Market Total $18.000 $66.000 584.000 Co COW BRE BRE 59.000 $10.000 $27.000 $900 $1.200 $2.100 a. Prepare an Income statement segmented by product for the Professional Division, Include a column for the division as a whole. Note: Do not use a negative sign with your answers with the exception of a negative product margin or a division loss which should have a negative sign. Business Books Publishers Inc. Professional Division Segment and Divisional Income Statements For the Month of May Accounting Executive Management Professional Division Sa 84.000 $4,000 5 70,000 5 746,00 Variable manufacturing 50,400 33.600 39.000 +23.000 Manufacturing margin 33.000 30.400 38.000 123.000 Cther variable expenses 4,200 4200 3.000 12.100 Contribution margin 29.400 46.200 35100 110.700 Total direct cool Direct fixed expenses 30.000 44.080 30,000 104,080 Allocated common the expense 2.400 1.200 7.200 Tola 32.400 45.200 33 600 111.290 Procuxtmargin 3 13.00013 9203 1,500 (5001 Unallocated common fuced expenses UX Professional division income 5 2x 1600 , b. Prepare an Income statement segmented by market for the Accounting Books Segment of the Professional Division Note: Do not use a negative sign with your answers with the exception of a negative market margin, a market loss, or an accounting market loss which should have a negative sign. , Business Books Publishers Inc. Professional Division Market Income Statements Accounting Books Segment th For the Month of May Auditors Accounting Books Segment Market Controllers Market Sales $ 18.000 66.000 Variable manufacturine 10.000 39,600 Maruiacturing magn 7.200 26.400 Other variable experses 900 3.393 Contribution margin 6,30 23,103 Directed expenses 9.000 10.000 Market margin 12.700) 2.100 Allocated common the expenses 000 1.200 Market Income do 5 0.5 0 x Inallocated common the ansas Accounting market Income (los) 5 Total S4.000 50,400 32.600 4200 29,400 27.000 2.400 2.100 DX OX Evaluate witch Accounting Books Segment the Professional Division should keep or discontinue in the short run Auditors Market Discontinue in the short run Controllers Market Keep in the short run Textbook Professional Company Division Division Total 5120,000 5245,000 5355,000 Sales Less variable expenses Manufacturing Soiling and administrativo Total / Contribution terem Loss direct fixed expenses Net income il 19.200 5,000 25.200 94.900 12.000 512.200 123.000 142200 12.30 18.300 135.300 160.500 110.700 205.500 120.000 132.000 573.500 S 500 Management is concerned about the Professional Division and requests add tional analysis, Additional information regarding May operations of the Professional Division is as follows: San Variable manufacturing expenses as a percentage of sales Other variable expenses as a percentage of sales Direct fixed expenses Allocated common fized expenses the Professional Division Accounting Executive Management Books Books Books Segment Segment Segment 584,000 584.000 $70,000 6046 402 504 3 5 59 $50,000 $44080 52,400 51.200 53.500 $10.000 The professional accounting books are sold to auditors and controllers. The current information on these markets is as follows: Sales Variable manufacturing expenses as a percentage of sales Other variable expectat perange of sales Directed expenses Allocated common fue expenses Required Accounting Books Segment Auditors Market Controllers Market Total $18.000 $66.000 584.000 Co COW BRE BRE 59.000 $10.000 $27.000 $900 $1.200 $2.100 a. Prepare an Income statement segmented by product for the Professional Division, Include a column for the division as a whole. Note: Do not use a negative sign with your answers with the exception of a negative product margin or a division loss which should have a negative sign. Business Books Publishers Inc. Professional Division Segment and Divisional Income Statements For the Month of May Accounting Executive Management Professional Division Sa 84.000 $4,000 5 70,000 5 746,00 Variable manufacturing 50,400 33.600 39.000 +23.000 Manufacturing margin 33.000 30.400 38.000 123.000 Cther variable expenses 4,200 4200 3.000 12.100 Contribution margin 29.400 46.200 35100 110.700 Total direct cool Direct fixed expenses 30.000 44.080 30,000 104,080 Allocated common the expense 2.400 1.200 7.200 Tola 32.400 45.200 33 600 111.290 Procuxtmargin 3 13.00013 9203 1,500 (5001 Unallocated common fuced expenses UX Professional division income 5 2x 1600 , b. Prepare an Income statement segmented by market for the Accounting Books Segment of the Professional Division Note: Do not use a negative sign with your answers with the exception of a negative market margin, a market loss, or an accounting market loss which should have a negative sign. , Business Books Publishers Inc. Professional Division Market Income Statements Accounting Books Segment th For the Month of May Auditors Accounting Books Segment Market Controllers Market Sales $ 18.000 66.000 Variable manufacturine 10.000 39,600 Maruiacturing magn 7.200 26.400 Other variable experses 900 3.393 Contribution margin 6,30 23,103 Directed expenses 9.000 10.000 Market margin 12.700) 2.100 Allocated common the expenses 000 1.200 Market Income do 5 0.5 0 x Inallocated common the ansas Accounting market Income (los) 5 Total S4.000 50,400 32.600 4200 29,400 27.000 2.400 2.100 DX OX Evaluate witch Accounting Books Segment the Professional Division should keep or discontinue in the short run Auditors Market Discontinue in the short run Controllers Market Keep in the short run