Exercise 14-26 (Algo) Compute Divisional Income (LO 14-1) Owen Audio shows the following information for its...

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Exercise 14-26 (Algo) Compute Divisional Income (LO 14-1) Owen Audio shows the following information for its two divisions for year 1. Sales revenue Cost of sales Selling, General and Administrative Allocated corporate overhead The results for year 2 have just been posted. Consumer Division $ 1,847,000 1,112,600 286,400 139,520 Commercial Division $ 5,825,000 3,790,100 359,840 417,980 Sales revenue Cost of sales Selling, General and Administrative Allocated corporate overhead Required: Consumer Division $ 2,697,000 1,488,300 288,502 170,318 a. Compute divisional operating income for the two divisions for year 2. Commercial Division $ 5,825,000 3,790,100 349,940 367,382 b-1. What are the gross margin and operating margin percentages for year 2 for both divisions? b-2. How well have these divisions performed in year 2? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Compute divisional operating income for the two divisions for year 2. Consumer Division Operating income Commercial Division Exercise 14-26 (Algo) Compute Divisional Income (LO 14-1) Owen Audio shows the following information for its two divisions for year 1. Sales revenue Cost of sales Selling, General and Administrative Allocated corporate overhead The results for year 2 have just been posted. Consumer Division $ 1,847,000 1,112,600 286,400 139,520 Commercial Division $ 5,825,000 3,790,100 359,840 417,980 Sales revenue Cost of sales Selling, General and Administrative Allocated corporate overhead Required: Consumer Division $ 2,697,000 1,488,300 288,502 170,318 a. Compute divisional operating income for the two divisions for year 2. Commercial Division $ 5,825,000 3,790,100 349,940 367,382 b-1. What are the gross margin and operating margin percentages for year 2 for both divisions? b-2. How well have these divisions performed in year 2? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Compute divisional operating income for the two divisions for year 2. Consumer Division Operating income Commercial Division