Question
Data for March concerning Mauger Corporation's two major business segments-Fibers and Feedstocks-appear below: Sales revenues, Fibers $560,000 Sales revenues, Feedstocks $810,000 Variable expenses, Fibers $235,000
Data for March concerning Mauger Corporation's two major business segments-Fibers and Feedstocks-appear below:
Sales revenues, Fibers | $560,000 |
Sales revenues, Feedstocks | $810,000 |
Variable expenses, Fibers | $235,000 |
Variable expenses, Feedstocks | $348,000 |
Traceable fixed expenses, Fibers | $90,000 |
Traceable fixed expenses, Feedstocks | $113,000 |
Common fixed expenses totaled $461,000 and were allocated as follows: $249,000 to the Fibers business segment and $212,000 to the Feedstocks business segment.
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
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