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Exercise 10-7 Segment reporting by division Columbia Products Inc has two divisions salem and seasideColumbia...

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Accounting

Exercise 10-7 Segment reporting by division Columbia Products Inc has two divisions salem and seasideColumbia Products Inc. has two divisions, Salem and Seaside. For the month ended March 31, Salem had sales and variable cost of $500,000 and $225,000, respectively, and Seaside had sales and variable costs of $800,000 and $475,000, respectively. Salem had direct fixed production and administrative expenses of $60,000 and $35,000, respectively, and Seaside had direct fixed production and administrative expenses of $80,000 and $45,000, respectively. Fixed costs that were common to both divisions and couldn't be allocated to the divisions in any meaningful way were selling, $33,000, and administration, $27,000. Prepare a segmented income statement by division for March

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