Question
Seebach Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for June appear below: Sales revenues apparel......................$ 700,000 aluable expenses apparel................... 406,000
Seebach Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for June appear below:
Sales revenues apparel......................$ 700,000
aluable expenses apparel................... 406,000
Traceable fixed expenses apparel....... 98,000
sales revenues accesories................ 710,000
variable expenses accesories............ 312,000
Traceable fixed expenses accesories 107,000
Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment. Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
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