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Prepare a segmented income statement

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Reference no: EM131298074

Ginger Corporation has two major business segments-Herbs and Spices. Data concerning those segments for June appear below.

Sales revenues, Herbs $475,000

Variable expenses, Herbs $262,500

Traceable fixed expenses, Herbs $78,000

Sales revenues, Spices $450,000

Variable expenses, Spices $225,000

Traceable fixed expenses, Spices $65,000
Common fixed expenses totaled $195,000 and were allocated as follows: $85,000 to the Herbs business segment and $110,000 to the Spices business segment.

Required:

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

Reference no: EM131298074

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