[Solved] A company has two major business systems-Eastern and Western. In November, the Eastern business segment

A company has two major business systems-Eastern and Western. In November, the Eastern business segment had sales revenues of $750,000 and variable expenses of $420,000. During the same month the Western business segment had sales revenues of $380,000 and variable expenses of $240,000. Traceable fixed expenses totaled $216,000 and were allocated as 70% to Eastern and 30% to Western. Common fixed expenses totaled $295,000. Required: Prepare a segmented income statement in the contribution format for the company.

Expert Answer

---

Answer to A company has two major business systems-Eastern and Western. In November, the Eastern business segment….