Question 2-9 marks M 13 Q2. Toronto Corp has two divisions: North and South During the year just ended, the North Devino had apment margin of $12,000 and variable costs equal to 70% of sales. The South Division had sales of $60.000 and traceable fixed costs were $19.000. The Company as a whole had a contribution margin of 40%, a sepment margin of SA5.000, 78 common costs of $14.000 and sales of $220.000 79 80 Required: 81 32 Carefully analyse the given data above and use it to prepare a segmented income statement (S and %) showing the Company totala 33 the amounts for the North and South Divisions. (9 marks) 24 Total Company North Division South Division 5 $ % % 5 7