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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 .....................................$370,000
Variable expenses, Apparel ...............................$185,000
Traceable fixed expenses, Apparel ......................$48,000
Sales revenues, Accessories ...............................$670,000
Variable expenses, Accessories .........................$275,000
Traceable fixed expenses, Accessories ..............$114,000
Common fixed expenses totaled $309,000 and were allocated as follows:
$142,000 to the Apparel business segment and $167,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
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