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Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North $660,000 Variable expenses, North $383,000 Traceable fixed expenses, North $79,000 Sales revenues, South $510,000 Variable expenses, South $291,000 Traceable fixed expenses, South $66,000 In addition, common fixed expenses totaled $179,000 and were allocated as follows: $93,000 to the North business segment and $86,000 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is:_______

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Answer:

Net income 105,000

Step-by-step explanation:

Income statement for North Segment

$

Revenue 660,000

variable cost ( 383,000)

Contribution 277,000

Fixed expenses (79,000)

income before allctd. cost 198000

Allocated fixed cost (93,000)

Net income 105,000

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