TB Problem Qu. 7-283 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	$ 686,000.00
Variable expenses, Apparel	$ 316,000.00
Traceable fixed expenses, Apparel	$ 185,000.00
Sales revenues, Accessories	$ 801,000.00
Variable expenses, Accessories	$ 488,000.00
Traceable fixed expenses, Accessories	$ 170,000.00

Common fixed expenses totaled $312,000 and were allocated as follows: $148,000 to the Apparel business segment and $164,000 to the Accessories business segment.

Required:

Prepare a segmented income statement in the contribution format for the company.