FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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ndi Systems Inc., headquartered in Bengaluru, India, provides specialized information technology (IT) services and consists of three divisions: (1) insurance, (2) retail and (3) hospitality. For 2023, it recorded the following data:

 

  Insurance Retail Hospitality Total
Sales revenues $ 4,017,000   $ 5,824,000   $ 1,944,000   $ 11,785,000
Variable costs (% of sales)   30 %   41 %   44 %    
Traceable fixed costs   2,121,000     2,852,000     724,500     5,697,500
Common fixed costs                     1,200,000
 

 

Required:

1. Prepare a segment performance report showing the segment margin in dollars and percentages for all three divisions. Use Exhibit 12–3 as a guide. (Round "Percentage" answers to 2 decimal places.)

 

 

 

2. Which segment is most profitable?

 

multiple choice

  • Insurance
  • Retail
  • Hospitality
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