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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 $ 756,000 Variable expenses, Apparel
Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below:
Sales revenues, Apparel | $ | 756,000 |
Variable expenses, Apparel | $ | 338,000 |
Traceable fixed expenses, Apparel | $ | 201,000 |
Sales revenues, Accessories | $ | 771,000 |
Variable expenses, Accessories | $ | 478,000 |
Traceable fixed expenses, Accessories | $ | 116,000 |
Common fixed expenses totaled $321,000 and were allocated as follows: $128,000 to the Apparel business segment and $193,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the compant
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