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Prepare a complete segmented income statement

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Question - The Winter Products Division of Canadian Sports Corporation produces and markets two products for use in the snow: Sleds and Saucers. The following data were gathered on activities last month:

 

Sleds

Saucers

Sales in units

2,000

9,000

Selling price per unit

$50

$20

CM ratio

56%

70%

Segment Margin

$42,000

$90,000

Division net income was $20,000.

Required - Prepare a complete segmented income statement in good form using the contribution format for last month, for the division as a whole and for each product. Completion of the % column is not required.

Reference no: EM133108330

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