73 Question 2 - 9 marks 74 75 02. Toronto Corp. has two divisions: North and South. During the year just ended, the North Division had a segment 76 margin of $12,000 and variable costs equal to 70% of sales. The South Division had sales of $60,000 und traceable fixed costs were 77 $19.000. The Company as a whole had a contribution margin of 40%, a segment margin of $45,000, 78 common costs of $14,000 and sales of $220,000. 79 80 Required: 81 82 Carefully analyse the given data above and use it to prepare a segmented income statement (S and %) showing the Company totals as well as 83 the amounts for the North and South Divisions. (9 marks) 84 85 Company Total North Division South Division 86 % $ % $ % 87 88 89 90 91 92 93 94