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Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: Sales revenues, Apparel $ 779,000 Variable expenses, Apparel

image text in transcribedPratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: Sales revenues, Apparel $ 779,000 Variable expenses, Apparel $ 338,000 Traceable fixed expenses, Apparel $ 115,000 Sales revenues, Accessories $ 828,000 Variable expenses, Accessories $ 455,000 Traceable fixed expenses, Accessories $ 157,000 Common fixed expenses totaled $330,000 and were allocated as follows: $157,000 to the Apparel business segment and $173,000 to the Accessories business segment.

Required: Prepare a segmented income statement in the contribution format for the company.

Required: Prepare a segmented income statement in the contribution format for the company Total Company Apparel mpanyApparel Accessories 0 0 0 O $ O $

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