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Problem 5 (14 points) Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: Sales revenues, Apparel $130,000
Problem 5 (14 points) Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: Sales revenues, Apparel $130,000 Variable expenses, Apparel $66,000 Traceable fixed expenses, Apparel $17,000 Sales revenues, Accessories $540,000 Variable expenses, Accessories $270,000 Traceable fixed expenses, Accessories $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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