Problem: Niesen Corporation has two major business segments-consumer and commercial. Data for the segment and for the company for August appear below:
Sales Revenues, consumer = $690,000
Sales Revenues, Commercial = $310,000
Variable Expenses, consumer = $290,000
Variable expenses, commercial = $164,000
Traceable fixed expenses, consumer = $104,000
Traceable fixed expenses, commercial = $ 50,000
In addition, common fixed expenses totaled $282,000 and were allocated as follows : $127,000 to the consumer business segment and $155,000 to the commercial business segment.
1) Prepare a properly formatted income statement
2) The contribution margin of the commercial business segment is ?
3) A properly constructed segmented income statement in a contribution format would show that the segment margin of the consumer business segment is : ?
4) a properly constructed segmented income statement in a contribution format would show that the net operating incomeof the company as a whole is?