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Income Statements Segmented by Products Francisco Consulting Firm provides three types of client services in three health care related industries. The income statement for July is as follows: FRANCISCO CONSULTING FIRM Income Statement For Month of July Sales 1820,000 Less variable costs (580,7501 Contribution margin 239.250 Less fixed expenses Service 85,600 Selling and administrative 70.400 (156,000) Net Income $83.250 The sales, contribution margin ratios, and direct fixed expenses for the three types of services are as follows: spitals Physicians Nursing Care Sales 1340,000 $205,000 $275 000 Contribution margin ratio 25 35 NOW Direct food expenses of service 536.500 S8.500 S18.750 Allocated common fixed service expenses 58,500 $2.500 $8.000 Prepare income statements segmented by client categories. Include a column for the entire firm in the statement MBA 6302-TBA -ACCOUNTING FOR MGMT DECISIONS - 35111.202130 myBusiness Course Business Course * Return to course $ X X X X X Prepare income statements segmented by client categories. Include a column for the entire firm in the statement, Do not use negative signs with your answers. Francisco Consulting Firm Product and Company Income Statements For the Month of July Hospitals Physicians Nursing Care Company Totals Sales X $ XS * $ Variable costs Contribution margin X Direct fixed expenses X X Product margin x Allocated common costs Product income $ X $ X Unallocated common expenses! Selling and administrative Service (lessdirect fixed expenses and allocated common costs) Total Net Income $ X X X X X X X X X X XX X XX xxx x Check

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