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Vulcan Company's contribution format income statement for June is as follows Vulcan Company Income Statement For the Month Ended June 30 Sales Variable expenses $900,000 408,000 492,000 465,000 $ 27,000 Contribution margin Fixed expenses Net operating income Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following a The company is divided into two sales territories-Northerm and Southern The Northern Territory recorded $400,000 in sales and $228,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory Fixed expenses of $168,000 and $130,000 are traceable to the Northern and Southern Territories, respectively The rest of the fixed expenses are common to the two territories b. The company is the exclusive distributor for two products-Paks and Tibs. Sales of Paks and Tibs totaled $140,000 and $260,000 respectively, in the Northern territory during June Variable expenses are 31% of the selling price for Paks and 71% for Tibs Cost records show that $64,400 of the Northern Territory's fixed expenses are traceable to Paks and $52,000 to Tibs, with the remainder common to the two products Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories. 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line Complete this question by entering your answers in the tabs below. Req 18 Req 1A Prepare contribution format segmented income statements for the total company broken down between sales territories. (Round the percentage answers to one decimal place (i.e .1234 should be entered as 12.3).) Sales Territory ces Southern Total Company Northern % Amount % % Amount Amount 100.0 100 0 500,000 $ 400,000 1000 900,000 Sales Variable expenses 36.0 180,000 408,000 57.0 228 000 45.3 64.0 320,000 43 0 492.000 172.000 Contribution margin Traceable fixed expenses Territorial segment margin Common fixed expenses 54.7 172,000 43 0 64.0 320,000 54 7 492,000 547 492.000 Net operating income Req 1A Req 1B Prepare contribution format segmented income statements for the Northern Territory broken down by product line. (Round the percentage answers to one decimal place (i.e .1234 should be entered as 12.3).) Product Line Northern Territory Paks Tibs Amount % Amount % Amount % 0 0.0 0 0.0 0 0.0 0.0 $ 0.0 $ 0 0.0 0 0 0.0 Req 1A

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