Question: QUESTION TWO (7 Marks) Hatch Company has two divisions: O and E. During the year just ended, Division O had a segment margin of $9,000

QUESTION TWO (7 Marks) Hatch Company has two divisions: O and E. During the year just ended, Division O had a segment margin of $9,000 and variable costs equal to 70% of sales. Traceable fixed costs for Division E were $19,000. Hatch Company as a whole had a contribution margin of 40%, operating income of 5%, a segment margin of $25,000, and sales of $200,000 Required: Prepare a complete segmented income statement in the contribution format for the year, in good form, showing both "Amount" and "Percent" columns for the company as a whole and for each division. (7 marks) Hatch Co. % Division o % Division E

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