Niangua Co (A)Complete the Following Segmented Income Statement for Niangua Co

question 33

Essay

Niangua Co.is divided into three segments and is interested in preparing a segmented income statement in order to better understand the operating performance of each segment.Fixed expenses in each division currently include an allocation of general corporate expenses equal to 20% of the division's sales.
$\begin{array}{lcccc}&\text { Division } 1 & \text { Division 2} & \text { Division } 3 \\\text {Sales}& \$ 320,000 & \$ 200,000 & \$ 280,000 \\ \text {Variable expenses}& \underline{208,000} & \underline{120,000}& \underline{ 152,000} \\\text {Contribution margin}& \$ 112,000 & \$ 80,000& \$ 128,000 \\\text {Fixed expenses}& \underline{ 80,000} & \underline{ 88,000 } & \underline{ 72,00 0 }\\\text {Net income (loss)}& \underline{\$ 32,000 }& \underline{\$ (8,000)} & \underline{\$56,000 }\\\end{array}$
(a.)Complete the following segmented income statement for Niangua Co.
$$\begin{array} { | l | l | l | l | l | } \hline & \text { Total Comparyy } & \text { Division 1 } & \text { Division 2 } & \text { Division 3 } \\\hline \text { Sales } & & & & \\\hline \text { Variable expenses } & & & & \\\hline \text { Contribution margin } & & & & \\\hline \text { Segment mixed expenses } & & & & \\\hline \text { Common fixed expenses } & & & & \\\hline \text { Net income (loss) } & & & & \\\hline\end{array}$$

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Definitions:

Stock Prices

The current price at which a share of a company is traded on the stock market, influenced by various factors including company performance, market conditions, and investor sentiment.

Inventory Investment

Changes in the stocks of finished goods and raw materials that firms keep in reserve to meet orders.

Positive

In economics and finance, "positive" often refers to positive movements in markets or indicators, or affirmations of beneficial aspects of economic policies or conditions.

Negative

Refers to a condition or quantity less than zero, often indicating a deficit or loss in financial contexts.