Segmented Income Statement Kraft Bowlen owns two sports franchises—the Bladers (a hockey team) and the Ballers (a basketball team). The following information was provided for the coming year.

Bladers Ballers
Sales $80,000,000 $180,000,000
Variable cost of goods sold 10,000,000 30,000,000
Direct fixed overhead 20,000,000 100,000,000
A sales commission of 5% of sales revenue is paid for each of the two sports franchises. Direct fixed selling and administrative expense was estimated to be $4,000,000 for the Bladers franchise and $10,000,000 for the Ballers franchise.

Common fixed overhead associated with owning the franchises was estimated to be $18,000,000; common selling and administrative expense was estimated to be $8,000,000.

Required:
Prepare a segmented income statement for Kraft Bowlen for the coming year, using variable costing.

Note: Enter all amounts as positive numbers except operating loss, if applicable.
Kraft Bowlen
Segmented Income Statement
For the Coming Year
Bladers Ballers Total

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Less variable expenses:

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Contribution margin $fill in the blank 13
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Less direct fixed expenses:

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Segment margin $fill in the blank 24
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Less common fixed expenses:

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