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Prepare segmented income statement in contribution format

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Question - Tomlin Corp has two major business segments, Easter and Western. In October, the Eastern business segment had sales revenues of $750,000 and variable expenses of $420,000. During the same month the Western segment had sales revenues of $380,000 and variable expenses of $240,000. Traceable fixed expenses totaled $210,000 and were allocated 70% to Eastern and 30% to Western. Common fixed expenses totaled $278,000.

Required: Please prepare a segmented income statement in the contribution format for the company.

Reference no: EM132047160

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