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    Management Accounting - Segmented Income Statement

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    21. The Tampa Division of Awercamp Manufacturing produces and markets two product lines: Racquets and Gloves. The following data were gathered on activities last month:

    Racquets Gloves
    Sales in Units 1,000 5,000
    Selling Price Per Unit $100 $40
    Variable Costs Per Unit $31 $10
    Traceable Fixed Costs $30,000 $60,000
    Common Fixed Costs ($30,000)

    Prepare a segmented income statement for last month showing columns for the division as a whole and for each product line.

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    Solution Summary

    A segmented Income Statement was created for each product line and the division. Each calculation is explained with the Microsoft Excel spreadsheet.