Data for May concerning Dorow Corporation's two major business segments-Fibers and Feedstocks-appear below: Common fixed expenses totaled $345,000 and were allocated as follows: $186,000 to the Fibers business segment and $159,000 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 May concerning Dorow Corporation's two major business segments-Fibers and Feedstocks-appear below:  Common fixed expenses totaled $345,000 and were allocated as follows: $186,000 to the Fibers business segment and $159,000 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 May concerning Dorow Corporation's two major business segments-Fibers and Feedstocks-appear below:  Common fixed expenses totaled $345,000 and were allocated as follows: $186,000 to the Fibers business segment and $159,000 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 May Concerning Dorow Corporation's Two Major Business Segments-Fibers