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Home Q & A Board Other Fields Homework Help Business Accounting
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Yukinara Yukinara
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A month ago
Martin Company sells two products, Standard and Deluxe. Data for activity during January are as follows:

​​StandardDeluxe
Sales$100,000$120,000
Contribution margin       35%     30%
Traceable fixed costs  $15,000  $25,000

Required:

Prepare a segment margin income statement. Omit the heading. Common fixed costs of $25,000 are allocated one-half to Standard and one-half to Deluxe.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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Hope89Hope89
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More solutions for this book are available here
​​StandardDeluxeTotal
Revenue$100,000$120,000$220,000
Less variable expenses 65,000   84,000 149,000
Contribution margin35,00036,00071,000
Less traceable fixed costs   15,000   25,000   40,000
Segment margin$  20,000$  11,000    31,000
Common fixed costs​​   25,000
Net operating income​​$    6,000
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