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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 $ 683,000 Variable expenses, Apparel
Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: |
Sales revenues, Apparel | $ | 683,000 |
Variable expenses, Apparel | $ | 351,000 |
Traceable fixed expenses, Apparel | $ | 154,000 |
Sales revenues, Accessories | $ | 848,000 |
Variable expenses, Accessories | $ | 424,000 |
Traceable fixed expenses, Accessories | $ | 190,000 |
Common fixed expenses totaled $406,000 and were allocated as follows: $182,000 to the Apparel business segment and $224,000 to the Accessories business segment. |
Required: |
Prepare a segmented income statement in the contribution format for the company. |
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