Scranton, Inc., is a company that sponsors seminars for executives. It has two profit centers, or divisions: a time-management group and a money-management group. Financial information for the two divisions for the year just ended follows:

Of these costs, printing and advertising are direct fixed costs, whereas mailing, hotel rental, and travel are variable costs. Using this information, prepare segment margin statements for the two divisions. Include in your statements the computation for contributionmargin.

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Time Money Management Management Revenue Mailing costs. Printing costs Hotel rental costs Travel expenses Advertising costs $965,000 110,000 S800,000 125,000 450,000 60,000 106,000 100,000