Seebach Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for June appear below:
Sales revenues, Apparel 700,000
Variable Expenses, Apparel 406,000
Traceable fixed expenses, Apparel 98,000
Sales revenues, Accessories 710,000
Variable expenses, Accessories 312,000
Traceable fixed expenses, Accessories 107,000
Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
Sales revenues, Apparel 700,000
Variable Expenses, Apparel 406,000
Traceable fixed expenses, Apparel 98,000
Sales revenues, Accessories 710,000
Variable expenses, Accessories 312,000
Traceable fixed expenses, Accessories 107,000
Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
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