Business
Business, 13.03.2021 05:10, pandamarz

Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 680,000 Variable expenses, Apparel $ 380,000 Traceable fixed expenses, Apparel $ 141,000 Sales revenues, Accessories $ 805,000 Variable expenses, Accessories $ 442,000 Traceable fixed expenses, Accessories $ 171,000 Common fixed expenses totaled $244,000 and were allocated as follows: $106,000 to the Apparel business segment and $138,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company.

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