Responsibility income statement-preparation
Gameland Village is segmented into two sales departments: software and video games. During April, these two departments reported the following operating results:

In addition, fixed costs common to both departments amounted to $42,000.
Complete the following segmented income statement for Gameland Village. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the company's income from operations.
GAMELAND VILLAGE
Income Statement Segmented by Product Lines
For the Month Ended April 30, 20__

Question

Responsibility income statement-preparation
Gameland Village is segmented into two sales departments: software and video games. During April, these two departments reported the following operating results:
 
In addition, fixed costs common to both departments amounted to $42,000.
Complete the following segmented income statement for Gameland Village. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the company's income from operations.
GAMELAND VILLAGE
Income Statement Segmented by Product Lines
For the Month Ended April 30, 20__

Quizplus · Accepted Answer

The Answer of Responsibility income statement-preparation
Gameland Village is segmented into two sales departments: software and video games. During April, these two departments reported the following operating results:
 
In addition, fixed costs common to both departments amounted to $42,000.
Complete the following segmented income statement for Gameland Village. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the company's income from operations.
GAMELAND VILLAGE
Income Statement Segmented by Product Lines
For the Month Ended April 30, 20__

Responsibility Income Statement-Preparation Gameland Village Is Segmented into Two Sales Departments: Software and Departments