Question: Last homework question has be lost, any help will be great Millard Corporation is a wholesale distributor of office products. It purchases office products from
Millard Corporation is a wholesale distributor of office products. It purchases office products from manufacturers and distributes them 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 Sales Central East 5311.000 50 000 5.704,000 Regional expenses (traceable) Cost of goods sold 90,000 238,000 Advertising 310.000 104.000 Salaries 242,000 240,000 56,000 56,000 Utilities 110,000 8.900 16,000 1,800 Depreciation 21,000 33,000 26,000 Shipping expense 18000 27.000 44.000 Total regional expenses 292,900 612 000 249,000 Regional income (loss) before corporate expenses 13,100 193.000 (39.000 Corporate expenses Advertising (general) 18,000 42,000 37.000 General administrative expense 18,900 18.000 16.000 Total corporate expenses 36,000 60.000 55,000 Het operating Income (los) $ (22.900 $ 133,000 $ 94,800) 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 Amount * Amount 100 0 5 311.000 Central 14 Amount 100.05 805 000 East Amount 100 05 704.000 1000 Sales Variable expenses Cost of goods sold Shipping expense 90.000 238 000 310,000 0 0 00 1000 90,000 221,000 00 1000 238.000 567.000 0.0 1000 310.000 394.000 1000 Total valable expenses Contribution margin Traceable foxed expenses Advertising
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