Business, 31.03.2020 02:06 rylanzuk

Shannon Company segments its income statement into its North and South Divisions. The company’s overall sales, contribution margin ratio, and net operating income are $960,000, 34%, and $19,200, respectively. The North Divisions contribution margin and contribution margin ratio are $121,600 and 38%, respectively. The South Division’s segment margin is $140,800. The company has $211,200 of common fixed expenses that cannot be traced to either division. Required:
Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions.

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Shannon Company segments its income statement into its North and South Divisions. The company’s over...

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