Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North Variable expenses, North Traceable fixed expenses, North Sales revenues, South Variable expenses, South $ 65,600 $423,500 $ 241,700 Traceable fixed expenses, South $ 54,800 In addition, common fixed expenses totaled $148,600 and were allocated as follows: $77,200 to the North business segment and $71,400 to the South business segment. $ 548,000 $ 318,000 A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is: O $318,000 O $87,200 $164,400 0 $152,800

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Data for January for Bondi Corporation and its two major business segments, North and South, appear below:
Sales revenues, North
$ 548,000
$318,000
Variable expenses, North
Traceable fixed expenses, North $ 65,600
Sales revenues, South
$423,500
Variable expenses, South
$241,700
Traceable fixed expenses, South $ 54,800
In addition, common fixed expenses totaled $148,600 and were allocated as follows: $77,200 to the North business segment
and $71,400 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:
O $318,000
$87,200
O $164,400
$152,800
Transcribed Image Text:Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North $ 548,000 $318,000 Variable expenses, North Traceable fixed expenses, North $ 65,600 Sales revenues, South $423,500 Variable expenses, South $241,700 Traceable fixed expenses, South $ 54,800 In addition, common fixed expenses totaled $148,600 and were allocated as follows: $77,200 to the North business segment and $71,400 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: O $318,000 $87,200 O $164,400 $152,800
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