1 Hermione Corporation produces and markets two types of electronic calculators: Model 11 and Model 12....

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1 Hermione Corporation produces and markets two types of electronic calculators: Model 11 and Model 12. The following data were gathered on activities last month: Sales in units Selling price per unit Variable production costs per unit Traceable fixed production costs Variable selling expenses per unit Traceable fixed selling expenses Allocated division administrative expenses Model 11 6,000 $50 $12 $100,000 $6 $5,000 $57,000 Model 12 4,000 $100 $28 $150,000 $7 $7,500 $67,000 Required: 1. Prepare a segmented income statement in the contribution format for last month, showing both "Amount" and "Percent" columns for the company as a whole and for each model. 2. Refer to the original data and, if necessary, the results of the segmented income statement prepared in part (1) above. Calculate the total break-even sales (in units) for last month, assuming that none of the fixed production costs and fixed selling expenses is traceable. Allocate the total break-even sales between the two models. I 1 Hermione Corporation produces and markets two types of electronic calculators: Model 11 and Model 12. The following data were gathered on activities last month: Sales in units Selling price per unit Variable production costs per unit Traceable fixed production costs Variable selling expenses per unit Traceable fixed selling expenses Allocated division administrative expenses Model 11 6,000 $50 $12 $100,000 $6 $5,000 $57,000 Model 12 4,000 $100 $28 $150,000 $7 $7,500 $67,000 Required: 1. Prepare a segmented income statement in the contribution format for last month, showing both "Amount" and "Percent" columns for the company as a whole and for each model. 2. Refer to the original data and, if necessary, the results of the segmented income statement prepared in part (1) above. Calculate the total break-even sales (in units) for last month, assuming that none of the fixed production costs and fixed selling expenses is traceable. Allocate the total break-even sales between the two models. I

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Sure Id be happy to help you with that Lets start by preparing the segmented income statement for Hermione Corporation using the contribution format 1 ... View the full answer