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: InsuranceRetailHospitalityTotalSales revenues$4,017,000 $5,824,000 $1,944,000 $11,785,000Variable costs (% of sales) 30% 41% 44% Traceable fixed costs 2,121,000 2,852,000 724,500 5,697,500Common 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 choiceInsuranceRetailHospitality

Segment performance reports, which provide a thorough examination of each business segment's…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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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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