!! this is due within the next half hour but please help me with the ones i got wrong!! PLEASE!!
Anderson Publishing has two divisions: Book Publishing and Magazine Publishing. The Magazine division has been losing money for he last five years and Anderson is considering eliminating that division. Anderson's information about the two divisions is as follows: Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attributable to each division. The remaining are common or shared between the two divisions. Required: 1. Present the financial information in the form of a segmented income statement (using the contribution margin approach). 2. What will be the impact on net income if the Magazine Division is eliminated? Complete this question by entering your answers in the tabs below. Present the financial information in the form of a segmented income statement (using the contribution margin approach). ..... tha financial information in the form of a segmented income statement (using the contribution margin Sales revenue Variable costs Sales revenue Manufacturing costs Manufacturing expenses Non operating expenses Operating expenses Sales revenue Service revenue Segment margin Common fixed costs Manufacturing costs Operating expenses Service revenue Net income (loss) Manufacturing expenses Manufacturing costs Manufacturing expenses Non operating expenses Operating expenses Sales revenue Service revenue Manufacturing costs Manufacturing expenses a. Mintacccuiring costs Manufacturing expenses Non operating expenses Operating expenses Sales revenue Service revenue Service revenue Manufacturing costs Manufacturing expenses Non operating expenses Operating expenses Sales revenue Service revenue \begin{tabular}{r|r|r|} \hline 2,157,000 & 1,207,900 & 3,364,900 \\ \hline \end{tabular} 1,966,700955,1002,921,800 Anderson Publishing has two divisions: Book Publishing and Magazine Publishing. The Magazine division has been losing money for he last five years and Anderson is considering eliminating that division. Anderson's information about the two divisions is as follows: Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attributable to each division. The remaining are common or shared between the two divisions. Required: 1. Present the financial information in the form of a segmented income statement (using the contribution margin approach). 2. What will be the impact on net income if the Magazine Division is eliminated? Complete this question by entering your answers in the tabs below. Present the financial information in the form of a segmented income statement (using the contribution margin approach). ..... tha financial information in the form of a segmented income statement (using the contribution margin Sales revenue Variable costs Sales revenue Manufacturing costs Manufacturing expenses Non operating expenses Operating expenses Sales revenue Service revenue Segment margin Common fixed costs Manufacturing costs Operating expenses Service revenue Net income (loss) Manufacturing expenses Manufacturing costs Manufacturing expenses Non operating expenses Operating expenses Sales revenue Service revenue Manufacturing costs Manufacturing expenses a. Mintacccuiring costs Manufacturing expenses Non operating expenses Operating expenses Sales revenue Service revenue Service revenue Manufacturing costs Manufacturing expenses Non operating expenses Operating expenses Sales revenue Service revenue \begin{tabular}{r|r|r|} \hline 2,157,000 & 1,207,900 & 3,364,900 \\ \hline \end{tabular} 1,966,700955,1002,921,800
