Solution-Prepare a complete segmented income statement

Prepare a complete segmented income statement

Reference no: EM133108330

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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Prepare a complete segmented income statement

Reference no: EM133108330

Reference no: EM133108330

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