Spiess Corporation has two major business segments--Apparel and Accessories.Data concerning those segments for December appear below: 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.

Question

Spiess Corporation has two major business segments--Apparel and Accessories.Data concerning those segments for December appear below:

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.

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 Spiess Corporation has two major business segments--Apparel and Accessories.Data concerning those segments for December appear below:  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.

Spiess Corporation Has Two Major Business Segments--Apparel and Accessories