complete the missing cells please **Income Statement**| | Total Company | East | West ||----------------------------------|---------------|-----------|-----------|| **Sales** | $3,311,000 | $2,541,000 | $770,000 || **Variable expenses** | | | || **Contribution margin** | $3,311,000 | $2,541,000 | $770,000 || **Traceable fixed expenses** | $3,311,000 | $2,541,000 | $770,000 || **Region segment margin** | | | || **Common fixed expenses not traceable to regions** | | | || **Net operating income** | $3,311,000 | | |This income statement table provides a breakdown of financial performance across two regions, East and West, along with a total for the company. It details sales, contribution margin, traceable fixed expenses, and net operating income. The variable expenses and common fixed expenses not traceable to regions are not specified. **Diego Company Manufacturing Overview**Diego Company produces a single product sold at $77 per unit across two regions: East and West. In the first operational year, 48,000 units were produced and 43,000 units were sold.**Variable Costs per Unit:**- **Manufacturing:** - Direct materials: $27 - Direct labor: $12 - Variable manufacturing overhead: $3- Variable selling and administrative: $5**Fixed Costs per Year:**- Fixed manufacturing overhead: $864,000- Fixed selling and administrative expense: $456,000The sales distribution was 33,000 units in the East and 10,000 units in the West. The fixed selling and administrative expenses identified were $220,000 for the West and $170,000 for the East. The remaining $66,000 is a common fixed expense.**Task:**Create a contribution format segmented income statement with a Total column and separate columns for the East and West regions.

Name: complete the missing cells please **Income Statement**|
Uploaded: 2024-03-20T06:33:06.000Z
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Description: complete the missing cells please **Income Statement**| | Total Company | East | West ||----------------------------------|---------------|-----------|-----------|| **Sales** | $3,311,

In this Question we have to make a segmented Contribution Margin Income Statement:Variable costs…

Business

Accounting

Diego Company manufactures one product that is sold for $77 per unit in two geographic regions-East and West. The following information pertains to the company's first year of operations in which it produced 48,000 units and sold 43,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense $27 $12 $ 3 $ 5 $ 864,000 $ 456,000 The company sold 33,000 units in the East region and 10,000 units in the West region. It determined $220,000 of its fixed selling and administrative expense is traceable to the West region, $170,000 is traceable the East region, and the remaining $66,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product. Income Statement Foundational 6-13 (Algo) 13. Prepare a contribution format segmented income statement that includes a Total column and columns for the East and West regions.

Diego Company manufactures one product that is sold for $77 per unit in two geographic regions-East and West. The following information pertains to the company's first year of operations in which it produced 48,000 units and sold 43,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense $27 $12 $ 3 $ 5 $ 864,000 $ 456,000 The company sold 33,000 units in the East region and 10,000 units in the West region. It determined $220,000 of its fixed selling and administrative expense is traceable to the West region, $170,000 is traceable the East region, and the remaining $66,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product. Income Statement Foundational 6-13 (Algo) 13. Prepare a contribution format segmented income statement that includes a Total column and columns for the East and West regions.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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