Segmented Income Statement
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GL, Inc. has two product divisions. Division G sells a product with a selling price unit per unit of $100, variable expenses per unit of $54, and traceable fixed expenses of $142,000. Division G produced and sold 45,000 units of the product. Common fixed expenses for GL Inc. were $250,000. Prepare a segmented income statement for Division G showing the profit if common costs are allocated equally between the company's divisions.
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Solution Summary
The solution explains how to prepare a segmented income statement for a division given two divisions in a company.
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A segemented income statement is
Division G
Revenues 45,000X100 = ...
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