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ABC Company segments its income statement into its North and South Divisions. The company's overall...

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Accounting

ABC Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin
ratio, and net operating income are $490,000,38%, and $9,800, respectively. The North Division's contribution margin and
contribution margin ratio are $100,800 and 42%, respectively. The South Division's segment margin is $35,000. The company has
$68,600 of common fixed expenses that cannot be traced to either division.
Required:
Prepare an income statement for ABC Company that uses the contribution format and is segmented by divisions. In addition, for the
company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your
percentage answers to 1 decimal place (i.e 1234 should be entered as 12.3).)
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