Martini Ltd is organised into three divisions: Metro, Regional and Rural. Data for these divisions for the 2020 financial year end were as follows:
|Production and sales in units||52,500||36,000||35,000|
|Average selling price per unit||$28||$24||$22|
|Average variable manufacturing cost per unit||$12||$10||$8|
|Average variable selling cost per unit||$5||$3.50||$3|
|Fixed expenses controlled by division managers||$325,000||$250,000||$220,000|
|Fixed expenses allocated to the divisions||$200,000||$180,000||$140,000|
|Common fixed expenses: $160,000|
Prepare a profit statement that highlights the performance of the three divisions and the performance of three divisional managers
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