Data for December concerning Dinnocenzo Corporation's two major business segments-Fibers and Feedstocks-appear below: Common fixed expenses totaled $314,000 and were allocated as follows: $129,000 to the Fibers business segment and $185,000 to the Feedstocks business segment.
Required:
Prepare a segmented income statement in the contribution format for the company.Omit percentages;show only dollar amounts.

Question

Data for December concerning Dinnocenzo Corporation's two major business segments-Fibers and Feedstocks-appear below:  Common fixed expenses totaled $314,000 and were allocated as follows: $129,000 to the Fibers business segment and $185,000 to the Feedstocks 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 Data for December concerning Dinnocenzo Corporation's two major business segments-Fibers and Feedstocks-appear below:  Common fixed expenses totaled $314,000 and were allocated as follows: $129,000 to the Fibers business segment and $185,000 to the Feedstocks business segment.
Required:
Prepare a segmented income statement in the contribution format for the company.Omit percentages;show only dollar amounts.

Data for December Concerning Dinnocenzo Corporation's Two Major Business Segments-Fibers