Vulcan Company's contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ended June 30 $ see.eee Variable expenses 38e, eee Contribution margin see pee Fixed expenses 460, Bee Net operating income $ 40, eae Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following: o. The company is divided into two sales territoriesNorthern and Southern. The Northern Territory recorded $400,000 in sales and $208,000 in variable expenses during June, the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $172,000 and $88.000 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two products-Paks and Tibs. Sales of Paks and Tibs totaled $125,000 and $275,000, respectively, in the Northern territory during June. Variable expenses are 30% of the selling price for Paks and 629 for Tibs. Cost records show that $75,000 of the Northern Territory's fixed expenses are traceable to Paks and $60.500 to Tibs, with the remainder common to the two products. Required: 1-0. Prepare contribution format segmented income statements for the total company broken down between sales territories. 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1A Reg 10 Prepare contribution format segmented income statements for the total company broken down between sales territories. (Round the percentage answers to one decimal place (ie.1234 should be entered as 12.3).) Sales Territory Southern Amount Sales penses Contribution margin Total Company Amount % s 800,000 100.0 l300,000 500,000 100.0 260,000 240,000 100.0 Northern Amount S 400,000 208,000 192,000 172,000 $ 20,000 0 0. 0.0 0 Ba,000 0.0 S (88,000) 0.0 egment Common foed Net operating income $ 240,000 100.0 Reg 1B > Vulcan Company's contribution format income statement for June is as follows: ulcan Company Income Statement For the Month Ended June 30 Sales $ see, Bee Variable expenses 380, eee Contribution margin See.ee Fixed expenses Net operating income Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining soles and cost records, you have determined the following: a. The company is divided into two sales territories-Northern and Southern. The Northern Territory recorded $400,000 in sales and $208,000 in variable expenses during June, the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $172,000 and $88.000 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two products-Paks and Tibs. Sales of Paks and Tibs totaled $125,000 and $275,000, respectively, in the Northern territory during June. Variable expenses are 30% of the selling price for Poks and 629 for Tibs. Cost records show that $75,000 of the Northern Territory's fixed expenses are traceable to Paks and $60.500 to Tibs, with the remainder common to the two products. Required: 1-o. Prepare contribution format segmented income statements for the total company broken down between sales territories. 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1A Reg 16 Prepare contribution format segmented income statements for the Northern Territory broken down by product line. (Round the percentage answers to one decimal place i.e.1234 should be entered as 12.3).) Northern Territory Amount % Pake Amount Product Line Tube % Amount % 0 0. 0 0 0. 0 0 0.0 0 0. 0 0 0. 0 0 0.0