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Prepare a segment margin income statement

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Reference no: EM133172396

Question - Meghan Markel's Company sells two products, Standard and Deluxe. Data for activity during January are as follows:

 

Standard

Deluxe

Sales

$100,000

$120,000

Contribution margin

35%

30%

Traceable fixed costs

$15,000

$25,000

Prepare a Segment Margin income statement. Common fixed costs total $25,000 & are allocated one-half to Standard and one-half to Deluxe Standard.

Reference no: EM133172396

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