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Data for May concerning Horizon Corporation's two major business segments-Fibers and Feedstocks- appear below: Sales revenues, Fibers ........ Sales revenues, Feedstocks... Variable expenses, Fibers ......
Data for May concerning Horizon Corporation's two major business segments-Fibers and Feedstocks- appear below: Sales revenues, Fibers ........ Sales revenues, Feedstocks... Variable expenses, Fibers ...... Variable expenses, Feedstocks............... Traceable fixed expenses, Fibers .............. Traceable fixed expenses, Feedstocks ....... $990,000 $690,000 $455,000 $400,000 $99,000 $110,000 Common fixed expenses totaled $345,000 and were allocated as follows: $186,000 to the Fibers business segment and $159,000 to the Feedstocks business segment. Required: Prepare a segmented income statement in the contribution format for the company
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