Question
Wingate company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income
Wingate company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales. $1,000,000
variable expenses 390,0000
contribution margin 610,000
fixed expenses 625,000 Net operating income(loss) (15,000)
in an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the accounting Department has developed the following information: Divison East central WEST sales. 250k. 400K. 350k variable exp of % 52%. 30%. 40% Traceable fixer exp. 160k 200k. 175k
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