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Data for May concerning Jennifer's Corporation's two major business segments-Fivers and Feedstocks-appear below: Sales revenues, Fibers $990,000 Sales revenues, Feedstocks 690,000 Variable expenses, Fibers 455,000
Data for May concerning Jennifer's Corporation's two major business segments-Fivers and Feedstocks-appear below:
Sales revenues, Fibers | $990,000 |
Sales revenues, Feedstocks | 690,000 |
Variable expenses, Fibers | 455,000 |
Variable expenses, Feedstocks | 400,000 |
Traceable fixed expenses, Fibers | 99,000 |
Traceable fixed expenses, Feedstocks | 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 good Form) in the contribution format for the company. Omit percentages: show only dollar amounts.
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