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How much should chicken report as operating profit

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Question - Chicken Company has three lines of business, each of which was determined to be reportable segment. Chicken Company sales aggregated P15,000,000 in 2020 of which Segment Wings contributed 40%. Traceable costs were P3,500,000 for Segment Wings of a total of P10,000,000 for the company as a whole. For internal reporting, Chicken allocates common costs of P3,000,000 based on the ratio of a segment's income before common costs. In its 2020 financial statements, how much should Chicken report as operating profit for Segment Wings?

Reference no: EM133118984

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