Reference no: EM132032782

Question - Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below:

Sales revenues, Apparel $ 699,000

Variable expenses, Apparel $ 367,000

Traceable fixed expenses, Apparel $ 179,000

Sales revenues, Accessories $ 795,000

Variable expenses, Accessories $ 483,000

Traceable fixed expenses, Accessories $ 145,000

Common fixed expenses totaled $231,000 and were allocated as follows: $89,000 to the Apparel business segment and $142,000 to the Accessories business segment.

Required: Prepare a segmented income statement in the contribution format for the company.