Question: Hello, I would like some help on this question. Thank you in advance Millard Corporation is a wholesale distributor Of office products. It purchases office

Hello, I would like some help on this question. Thank you in advance

Hello, I would like some help on this question. Thank you in

Millard Corporation is a wholesale distributor Of office products. It purchases office products from manufacturers and distributes Inem In the West, Central, and East regions. Each of these regions is about the same size and each has its own manager and sales staff. The company has been experiencing losses for many months. In an effort to improve performance, management has requested that the monthly income statement be segmented by sales region. The company's first effort at preparing a segmented income statement for May is given below. Sales Region West Central East Sales $ 311,000 $ 795, 000 $ 701,000 Regional expenses ( traceable) : Cost of goods sold 92, 000 243,000 312,000 Advertising 107,000 56,000 239,000 235,000 Salaries 53,000 114,000 Utilities 9, 100 16, 400 13,900 Depreciation 24,000 31,000 28,000 Shipping expense 17,000 26,000 44,000 Total regional expenses 305,100 608, 400 746, 900 Regional income (loss) before corporate expenses 5,900 186, 600 (45,900) Corporate expenses: Advertising ( general) General administrative expense 15,000 19,000 38,000 19,000 18, 000 19,000 Total corporate expenses 34,000 57,000 57,000 Net operating income (loss) $ (28, 100) $ 129, 600 $(102,900) The cost of goods sold and shipping expense are both variable. All other costs are fixed. Required: 3. Prepare a new contribution format segmented income statement for May. (Round percentage answers to 1 decimal place.) Total Company West Central East Amount % Amount % Amount % Amount % Variable expenses: Total variable expenses Traceable fixed expenses Total traceable fixed expenses Common fixed expenses: Total common fixed expense Net operating income (loss)

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