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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 Variable expenses, Apparel Traceable fixed
Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $ 680,000 $ 380,000 $141,000 $ 805,000 $442,000 $171,000 Common fixed expenses totaled $244,000 and were allocated as follows: $106,000 to the Apparel business segment and $138,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company. Total Company Apparel Accessories 0 0 0 0 $ 0 $ 0 $ 0
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