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Spiess Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed
Spiess Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $770,000 $303,000 107,000 $826,000 $458,000 $155,000 Common fixed expenses totaled $418,000 and were allocated as follows: $219,000 to the Apparel business segment and $199,000 to the Accessories business segment. Required Prepare a segmented income statement in the contribution format for the company Tota Company Apparel Accessories 0 0 0 Net operating income (loss) 0
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