Data for June for Nahant Corporation and its two major business segments, North and South, appear below:
Sales revenues, North
$620,000
Variable expenses, North
$359,700
Traceable fixed expenses, North $ 74,100
Sales revenues, South
$478,400
Variable expenses, South
$273,000
Traceable fixed expenses, South $ 61,900
In addition, common fixed expenses totaled $167,800 and were allocated as follows: $87,100 to the North business segment and $80,700 to the South business segment.
A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is: