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Georgetown Corporation has two major business segments-Hats and Scarfs. Data concerning those segments for October appear below: Sales revenues, Hats $130,000 Variable expenses, Hats $
Georgetown Corporation has two major business segments-Hats and Scarfs. Data concerning those segments for October appear below: Sales revenues, Hats $130,000 Variable expenses, Hats $ 66,000 Traceable fixed expenses, Hats $17,000 Sales revenues, Scarfs $540,000 Variable expenses, Scarfs $ 270,000 Traceable fixed expenses, Scarfs $92,000 Common fixed expenses totaled $153,000. Required: Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts. No Heading Required. Also calculate the break-even point in sales for the company as a whole
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