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Bovine Company, a wholesale distributor of DVDs, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement below:

Sales	$	1,579,000
Variable expenses		637,880
Contribution margin		941,120
Fixed expenses		1,035,000
Net operating loss	$	(93,880)

In an effort to isolate the problem, the president has asked for an income statement segmented by geographic market. Accordingly, the Accounting Department has developed the following data:

	Geographic Market
	South			Central			North
Sales	$	409,000		$	620,000		$	550,000
Variable expenses as a percentage of sales		52	%		26	%		48	%
Traceable fixed expenses	$	291,000		$	323,000		$	191,000

Required:

1.

Prepare a contribution format income statement segmented by geographic market, as desired by the president. (Input all amounts as positive values except losses which should be indicated by a minus sign.) Required: 1. Prepare a contribution format income statement segmented by geographic market, as desired by the president. (Input all amounts as positive values except losses which should be indicated by a minus sign.) Geographic Market Total Company South Central North (Click to select) Contribution margin Sales Traceable fixed expenses Net operating income (loss) Common fixed expenses not traceable to geographic markets Geographic market segment margin Variable expenses $ $ $ $ (Click to select) Sales Contribution margin Traceable fixed expenses Net operating income (loss) Common fixed expenses not traceable to geographic markets Variable expenses Geographic market segment margin (Click to select) Gross margin Contribution margin (Click to select) Sales Variable expenses Contribution margin Traceable fixed expenses Common fixed expenses not traceable to geographic markets Geographic market segment margin Net operating income (loss) (Click to select) Traceable fixed expenses Net operating income (loss) Sales Variable expenses Geographic market segment margin Contribution margin Common fixed expenses not traceable to geographic markets $ $ $ (Click to select) Sales Common fixed expenses not traceable to geographic markets Variable expenses Contribution margin Net operating income (loss) Traceable fixed expenses Geographic market segment margin (Click to select) Net operating income Net operating loss $ 2a. The company

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