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Prepare an income statement for Calvin Company

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Question - Calvin Company has divided its business into segments based on sales territories: East Coast, Midland, and West Coast. Following are financial data for 2014:

Data Table

East Cost: Units sold 78, Sales price per unit $10,400, Variable Cost per unit 6,552

Midland: Units sold 61, Sales price per unit $12,800, Variable cost per unit 7,424

West Coast: Units sold 50, Sales price per unit $11,600 Variable cost per unit 6,612

Prepare an income statement for Calvin Company for 2024 using the contribution margin format assuming total fixed costs for the company were $420,000. Include columns for each business segment and a column for the total company.

Reference no: EM132967067

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