Spiesscorporation has two major business segments$-$ apparel and accessories. Data concerning those segments for december appear below:

Sales revenues, Apparel $$680,000$

Variable expenses, Apparel $$380,000$

Traceable fixed expenses, Apparel $$141,000$

Allocated common fixed expenses, Apparel $$106,000$

Sales revenue, Accessories $$805,000$

Variable expenses, accessories $$442,000$

traceable fixed expenses, accessories $$171,000$

Allocated common fixed expenses, accessories $$138,000$

NOTE: traceable fixed expenses are considered avoidable

required

$1.$ prepare a segmented income statement in the contributed format for the company. Calculate the contribution margin ratios and segment margin ratios for each segment. $9$ marks

Total company Apparel Accessories

$2.$ Which segment had the better contribution margin ratio? $1$marks

$3.$ Which segment had the better segment margin? $1$ marks