Determine which division has a greater profit margin

Reference no: EM133612276

Question: Al's Wooden Turnings (AWT) has two divisions, the dreidel division and the bowl division. The following segmented financial information is for the most recent fiscal year ended December 31. Dreidel Division Bowl Division Sales $750,000 $380,000 Cost of goods sold 150,000 130,000 Allocated overhead 200,000 50,000 Selling and administrative expenses 240,000 100,000 Prepare a segmented income statement for AWT and determine which division has a greater profit margin.

Reference no: EM133612276

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