Question
Camren Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below: Picture Common fixed expenses totaled $357,000 and were
Camren Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below: Picture Common fixed expenses totaled $357,000 and were allocated as follows: $161,000 to the Apparel business segment and $196,000 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 680000
Variable expenses apparel 299,000
Traceable fixed expenses apparel 102000
Sales revenue accessories 770000
Variable expenses accessories 424000
Traceabale fixed expenses 100000
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