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Income statement in a contribution format

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Reference no: EM132418536

Problem: Data for January for Bondi Corporation and its two major business segments, North and South, appear below:

Sales revenues, North$726,000 Variable expenses, North$421,200 Traceable fixed expenses, North$86,800 Sales revenues, South$560,400 Variable expenses, South$319,700 Traceable fixed expenses, South$72,500 

In addition, common fixed expenses totaled $196,600 and were allocated as follows: $102,100 to the North business segment and $94,500 to the South business segment.

A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is:

  • $115,900
  • $421,200
  • $218,000
  • $202,700

Reference no: EM132418536

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