5. Data for June for Ozaki Corporation and its two major business segments, North and South, appear below: Sales revenues, North. $550,000 Variable expenses, North. $270,000 Traceable fixed expenses, North $88,000 Sales revenues, South $110,000 Variable expenses, South $47,000 Traceable fixed expenses, South........ $21,000 In addition, common fixed expenses totaled $145,000 and were allocated as follows: $73,000 to the North business segment and $72,000 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is: A. $270,000 B. $119,000 C. $207,000 D. $192,000
5. Data for June for Ozaki Corporation and its two major business segments, North and South, appear below: Sales revenues, North. $550,000 Variable expenses, North. $270,000 Traceable fixed expenses, North $88,000 Sales revenues, South $110,000 Variable expenses, South $47,000 Traceable fixed expenses, South........ $21,000 In addition, common fixed expenses totaled $145,000 and were allocated as follows: $73,000 to the North business segment and $72,000 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is: A. $270,000 B. $119,000 C. $207,000 D. $192,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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