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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