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Accounting

A company has two major business systems-Eastern and Western. In November, the Eastern business segment had sales revenues of $750,000 and variable expenses of $420,000. During the same month the Western business sgment had sales revenues of $380,000 and variable expenses of $240,000. Traceable fixed expenses totaled $216,000 and were allocated as 70% to Eastern and 30% to Western. Common fixed expenses totalled $295,000.

Required:

Prepare a segmented income statement in the contribution format for the company.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948255

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