Game land Village is segmented into two sales departments: software and video games. During April, these two
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_____________________________________Software _______________Video Games
Sales................................................$400,000..............................$200,000
Variable costs (as a percentage of sales).............65%..............................................56%
Traceable faced costs..............................$20,000.........................................$16,000
Complete the following segmented income statement for Game land Village. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the company's income from operations.
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
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Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
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