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TB Problem Qu. 6-283 Spiess Corporation has two major ... Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December
TB Problem Qu. 6-283 Spiess Corporation has two major ... 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 $710,000 $342,000 $137,000 $854,000 $ 456,000 $152,000 Common fixed expenses totaled $397,000 and were allocated as follows: $185,000 to the Apparel business segment and $212,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company. Total Company Apparel Accessories Sales Variable expenses Contribution margin Traceable fixed expenses 0 0 Common fixed expenses totaled $397,000 and were allocated as follows: $185,000 to the Apparel business segment and $212,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company. Total Company Apparel Accessories 0 0 0 Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income (loss) 0 0 0 $ 0
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