Data for January for Bondi Corporation and its two major business segments, North and South,...

60.1K

Verified Solution

Question

Accounting

Data for January for Bondi Corporation and its two major business segments, North and South, appear below:
Sales revenues, North
Variable expenses, North
Traceable fixed expenses, North
Sales revenues, South
Variable expenses, South
Traceable fixed expenses, South
$620,000
$359,700
$74,100
$478,400
$273,000
$61,900
In addition, common fixed expenses totaled $167,800 and were allocated as follows: $87,100 to the North business segment and $80,700 to the South business segment.
A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is:
A. $260,310
B. $186,200
C. $190,700
D. $230,907
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students