Top Posters
Since Sunday
18
s
5
C
4
j
4
s
4
W
3
a
3
H
3
s
3
a
3
o
3
K
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
pharmdwannabe pharmdwannabe
wrote...
Go to Answer
Posts: 66
Rep: 0 0
A month ago
Mounce Corporation produces and sells two products, Basic and Super. Data for activity during March are as follows:

​​BasicSuper
Sales$200,000$250,000
Contribution margin       25%     28%
Total fixed costs  $65,000  $65,000

Required:

Prepare a segment margin income statement. Omit the heading. Common fixed costs of $25,000 are allocated Basic and $30,000 to Super.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 36 times
1 Reply
Replies
Answer verified by a subject expert
mmorris1537mmorris1537
wrote...
#1
Posts: 73
Rep: 0 0
A month ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
​​BasicSuperTotal
Revenue$200,000$250,000$450,000
Less variable expenses 150,000 180,000 330,000
Contribution margin50,00070,000120,000
Less traceable fixed costs   40,000   35,000   75,000
Segment margin$  10,000$  35,000    45,000
Common fixed costs​​   55,000
Net operating income​​($10,000)
1

Related Topics

pharmdwannabe Author
wrote...

A month ago
Just got PERFECT on my quiz
Zacellison
wrote...

Yesterday
Thanks for your help!!
rudy.zondo
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  230 People Browsing
 295 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 388
  
 118
  
 77
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 172
Previous poll results: Do you trust social media networks with protecting your privacy?