Operating Income for Segments Alydar, Inc., manufactures and sells automotive tools through three divisions: Eastern, Southern,...
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Operating Income for Segments Alydar, Inc., manufactures and sells automotive tools through three divisions: Eastern, Southern, and International. Each division is evaluated as a profit center. Data for each division for last year are as follows: Eastern Southern International Sales Cost of goods sold Selling and administrative expenses $3,150,000 $987,000 $6,500,000 1,580,000 680,000 337,000 280,000 4,100,000 620,000 Alydar, Inc., had corporate administrative expenses equal to $585,000; these were not allocated to the divisions. Required: 1. Prepare a segmented income statement for Alydar, Inc., for last year. Alydar, Inc. Segmented Income Statement For last year Eastern Southern International Total Operating Income for Segments Alydar, Inc., manufactures and sells automotive tools through three divisions: Eastern, Southern, and International. Each division is evaluated as a profit center. Data for each division for last year are as follows: Eastern Southern International Sales Cost of goods sold Selling and administrative expenses $3,150,000 $987,000 $6,500,000 1,580,000 680,000 337,000 280,000 4,100,000 620,000 Alydar, Inc., had corporate administrative expenses equal to $585,000; these were not allocated to the divisions. Required: 1. Prepare a segmented income statement for Alydar, Inc., for last year. Alydar, Inc. Segmented Income Statement For last year Eastern Southern International Total
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