Question
Vulcan Companys contribution format income statement for June is given below: Vulcan Company Income Statement For the Month Ended June 30 Sales $ 900,000 Variable
Vulcan Companys contribution format income statement for June is given below:
Vulcan Company Income Statement For the Month Ended June 30 | |||||||||||
Sales | $ | 900,000 | |||||||||
Variable expenses | 408,000 | ||||||||||
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Contribution margin | 492,000 | ||||||||||
Fixed expenses | 465,000 | ||||||||||
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Net operating income | $ | 27,000 | |||||||||
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a. | Prepare contribution format segmented income statements for the total company broken down between sales territories. (Round the percentage answers to one decimal place (i.e .1234 should be entered as 12.3))
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1b.
| 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))
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