Problem
Seabuck Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for June appear below.
|
Vales revenues, Apparel
|
$800,000
|
|
Variable expenses, Apparel
|
$406,000
|
|
Traceable fixed expenses, Apparel
|
$98,000
|
|
Sales revenues, Accessories
|
$820,000
|
|
Variable expenses, Accessories
|
$312,000
|
|
Traceable fixed expenses, Accessories
|
$107,000
|
Common fixed expenses totaled $325,000 and were allocated as follows: $150,000 to the Apparel business segment and $175,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.