Vulcan Company's contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ended June 30 Sales Variable expenses Contribution margin Fixed expenses Net operating income Management wants to improve profits and gathered the following data: a. The company is divided into two sales territories-Northern and Southern. The Northern Territory recorded $400,000 in sales and $200,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $156,000 and $145,000 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 $190,000 and $210,000, respectively, in the Northern territory during June. Variable expenses are 29% of the selling price for Paks and 69% for Tibs. Cost records show $93,100 of the Northern Territory's fixed expenses are traceable to Paks and $46,200 to Tibs, with the remainder common to the two products. Required: $ 900,000 300,000 600,000 495,000 $ 105,000 1-a. Prepare contribution format income statements for the total company segmented by sales territories. 1-b. Prepare contribution format income statements for the Northern Territory segmented by product line. Req 1A Complete this question by entering your answers in the tabs below. Req 1B. 4

Vulcan Company's contribution format income statement for June is as follows: Management wants to improve profits and gothered the following data a. The company is divided into two sales ternitories - Northern and Southern. The Northern Territory recorded $400,000 in sales and $200,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $156,000 and $145,000 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 $190,000 and $210,000, respectively in the Northein territory during June. Variable expenses are 29% of the selling price for Paks and 69% for Tibs. Cost records show $93,100 of the Northern Terntory's fixed expenses are traceable to Paks and $46,200 to Tibs, with the remainder common to the two products. Required: 1. Prepare contribution formot income statements for the total company segmented by sales territories. 1.b. Prepare contribution format income statements for the Northern Teritory segmented by product line. Complete this question by entering your answers in the tabs below