Question
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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