Prepare a schedule that shows contribution margin


Question - Given the following data, prepare a schedule that shows contribution margin, contribution to indirect expenses, and net income of the Sharks Division of Hockey, Inc.:

Direct fixed expenses $ 425,000

Indirect fixed expenses 325,500

Sales 2,400,000

Variable expenses 1,800,000

What would be the effect on the company income if the segment were eliminated?

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Accounting Basics: Prepare a schedule that shows contribution margin
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