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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 $ 751,000 Variable expenses, Apparel
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 751,000 Variable expenses, Apparel $ 388,000 Traceable fixed expenses, Apparel $ 140,000 Sales revenues, Accessories $ 828,000 Variable expenses, Accessories $ 449,000 Traceable fixed expenses, Accessories $ 117,000 Common fixed expenses totaled $322,000 and were allocated as follows: $137,000 to the Apparel business segment and $185,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company
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