Determine the west division contribution margin


Michaels Company segments its income statement into its East and West Divisions. The company's overall sales, contribution margin ratio, and net operating income are $620,000, 56%, and $56,000, respectively. The West Division's contribution margin and contribution margin ratio are $150,000 and 79%, respectively. The East Division's segment margin is $74,000. The company has $52,000 of common fixed costs that cannot be traced to either division.
Required:

Prepare an income statement for Michaels Company that uses the contribution format and is segmented by divisions. (Input all amounts as positive values except losses which should be indicated by a minus sign. Round your percentage answers to 1 decimal place and all other answers to the nearest dollar amount.)

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Accounting Basics: Determine the west division contribution margin
Reference No:- TGS0692932

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