Business, 02.06.2021 18:50, delayne22

Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $683,000
Variable expenses, Apparel $351,000
Traceable fixed expenses, Apparel $154,000
Sales revenues, Accessories $848,000
Variable expenses, Accessories $424,000
Traceable fixed expenses, Accessories $190,000

Common fixed expenses totaled $406,000 and were allocated as follows: $182,000 to the Apparel business segment and $224,000 to the Accessories business segment.

Required:
Prepare a segmented income statement in the contribution format for the company.

Answers: 3

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Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those s...