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Unformatted text preview: Contribution Margin Variable S&A Fixed CGS Fixed S&A Fixed S&A Net (Operating) Income Net (Operating) Income Segment Reporting The IT Corporation produces and markets two types of electronic calculators: Model 11 and Model 12. The following data were gathered on activities last month: Required: Prepare a segmented income statement in the contribution format for last month. Total Company Model 11 Model 12 Sales Variable costs Contribution margin Traceable fixed costs Segment margin Common fixed costs Net (Operating) Income...
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- Spring '11