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Wildhorse Corporation produces and sells two products, Basic and Super. Data for activity during March are as follows: Basic Super Sales $211,000 $261,000 Contribution margin

Wildhorse Corporation produces and sells two products, Basic and Super. Data for activity during March are as follows:

Basic

Super

Sales

$211,000 $261,000

Contribution margin

25% 28%

Total fixed costs

$76,000 $76,000

Prepare a segment margin income statement. Omit the heading. Common fixed costs of $36,000 are allocated Basic and $41,000 to Super. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).)

Basic

Super

Total

select an opening name for section one Net operating income/lossRevenueTraceable fixed expensesSegment marginCommon fixed expensesContribution marginVariable expenses

$enter a dollar amount $enter a dollar amount $enter a total dollar amount

select between addition and deduction AddLess:select an income statement item Variable expensesSegment marginNet operating income/lossRevenueContribution marginCommon fixed expensesTraceable fixed expenses

enter a dollar amount enter a dollar amount enter a total dollar amount

select a summarizing line for the first part RevenueNet operating income/lossVariable expensesTraceable fixed expensesSegment marginCommon fixed expensesContribution margin

enter a total amount for first part enter a total amount for first part enter a total amount for first part

select between addition and deduction AddLess:select an income statement item Segment marginNet operating income/lossRevenueTraceable fixed expensesContribution marginCommon fixed expensesVariable expenses

enter a dollar amount enter a dollar amount enter a total dollar amount

select a summarizing line for the second part Common fixed expensesNet operating income/lossContribution marginVariable expensesRevenueTraceable fixed expensesSegment margin

$enter a total amount for second part $enter a total amount for second part enter a total amount for second part

select an income statement item Segment marginNet operating income/lossVariable expensesRevenueCommon fixed expensesTraceable fixed expensesContribution margin

enter a total dollar amount

select a closing name for this statement Contribution marginSegment marginNet operating income/lossCommon fixed expensesRevenueVariable expensesTraceable fixed expenses

$enter a total net operating income or loss amount

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