Seebach Corporation has two major business segments-Apparel and Accessories.Data concerning those segments for June appear below: Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company.Omit percentages;show only dollar amounts.

Question

Seebach Corporation has two major business segments-Apparel and Accessories.Data concerning those segments for June appear below:  Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company.Omit percentages;show only dollar amounts.

Quizplus · Accepted Answer

The Answer of Seebach Corporation has two major business segments-Apparel and Accessories.Data concerning those segments for June appear below:  Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company.Omit percentages;show only dollar amounts.

Seebach Corporation Has Two Major Business Segments-Apparel and Accessories