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  3. problem 3 sweat inc. produces high-end sweaters an

Problem 3 Sweat Inc. produces high-end sweaters and sweatshirts in a single factory. The following...

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Accounting

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Problem 3 Sweat Inc. produces high-end sweaters and sweatshirts in a single factory. The following information was provided for the upcoming year. Sweaters Sweatshirts Sales $300,000 5565.000 Variable cost of goods sold 180,000 400.000 Direct fixed overhead 50,000 90,000 A sales commission of 5% of sales is paid for each of the two product lines. Direct fined selling and administrative expense was estimated to be $25,000 for the sweater line and S15,000 for the sweatshirt line. Common fixed overhead for the factory is estimated to be $20,000. Common selling and administrative expense was estimated to be $28,000. Prepare a segmented income statement for next year using variable costing 1. What is the Sweater division total contribution margin? 2. What is the Sweatshirt division total contribution margin? 3. What is the Sweater division segment margin? 4. What is the Sweatshirt division segment margin? 5. What is the total company operating income

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