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Complete the segmented income statement for gameland village

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Question - Responsibility income statement-preparation

Gameland Village is segmented into two sales departments: software and video games. During April, these two departments reported the following operating results:

 

Software

Video Games

Sales

$400,000

$200,000

Variable Costs (as a percentage of sales)

65%

56%

Traceable fixed costs

$20,000

$16,000

In addition, fixed costs common to both departments amounted to $42,000.

Complete the following segmented income statement for Gameland Village. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the company's income from operations.

GAMELAND VILLAGE
Income Statement by Product Lines
For the Month Ended April 30, 20__

Segments

Gameland Village

Software

Video Games

Dollars

%

Dollars

%

Dollars

%

Sales

$

$400,000

100

$200,000

100

Variable Costs




65

56

$

$

$





































































































Reference no: EM131712853

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