Solution-Complete the segmented income statement for

Complete the segmented income statement for gameland village

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Reference no: EM131712853

Question - Responsibility income statement-preparation

Gameland Village is segmented into two sales departments: software and video games. During April, these two departments reported the following operating results:

	Software	Video Games
Sales	$400,000	$200,000
Variable Costs (as a percentage of sales)	65%	56%
Traceable fixed costs	$20,000	$16,000

In addition, fixed costs common to both departments amounted to $42,000.

Complete the following segmented income statement for Gameland Village. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the company's income from operations.

GAMELAND VILLAGE Income Statement by Product Lines For the Month Ended April 30, 20__			Segments
	Gameland Village		Software		Video Games
	Dollars	%	Dollars	%	Dollars	%
Sales	$		$400,000	100	$200,000	100
Variable Costs				65		56
	$		$		$

Reference no: EM131712853

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Complete the segmented income statement for gameland village

Reference no: EM131712853

Reference no: EM131712853

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