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Prepare a segmented income statement for Kretser

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Reference no: EM132885110

Problem - The Kretser Company sells three products: X, Y and Z. Data for the last quarter of the year are as follows:

 

Products

 

X

Y

Z

Sales revenue

$150,000

$220,000

$180,000

Contribution margin (%)

45%

55%

40%

Controllable ?xed expenses

$29,000

$54,000

$32,000

Fixed expenses controllable by others

$16,000

$12,000

$18,000

Besides the expenses given above, ?rm had $42,000 of common ?xed costs. The tax rate is 30 percent.

Required - Prepare a segmented income statement for Kretser for the last quarter of the year. Use the contribution format.

Reference no: EM132885110

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