segmented income statement 458882

A?»??Seebach Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for June appear below:

Sales revenues apparel………………….$ 700,000

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aluable expenses apparel………………. 406,000

Traceable fixed expenses apparel……. 98,000

sales revenues accesories……………. 710,000

variable expenses accesories………… 312,000

Traceable fixed expenses accesories 107,000

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.

Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.

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