Question
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 687,000 Variable expenses, Apparel
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 687,000 Variable expenses, Apparel $ 300,000 Traceable fixed expenses, Apparel $ 112,000 Sales revenues, Accessories $ 820,000 Variable expenses, Accessories $ 437,000 Traceable fixed expenses, Accessories $ 140,000 Common fixed expenses totaled $478,000 and were allocated as follows: $187,000 to the Apparel business segment and $291,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company.
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