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ABC Company operates two divisions with the following sales and expense information for the month...

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Accounting

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ABC Company operates two divisions with the following sales and expense information for the month of August: Division 1 sales, $158,000; contribution margin ratio, 50%; direct fixed expenses, $33,500. Division 2 sales, $108,500, contribution margin ratio, 70%; direct fixed expenses, $20,750. ABC Company's total fixed expenses during August was $134,200. Required: Prepare a segmented income statement for ABC Company to determine the segment margin for Divisions 1 and 2 and the operatin income for ABC Company

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