Data for June for Ozaki Corporation and its two major business segments, North and South,...
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Accounting
Data for June for Ozaki Corporation and its two major business segments, North and South, appear below:
Sales Revenue North $550,000
Variable expenses North $270,000
Traceable Fixed Expenses North $88,000
Sales Revenue South $110,000
Variable Expenses South $47,000
Traceable Fixed Expenses South $21,000
In addition, common fixed expenses totaled $145,000 and were allocated as follows: $73,000 to the North business segment and $72,000 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is: $343,000 $89,000 $(56,000) $234,000
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