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Question - Data for December concerning Ash Corporation's two major business segments-Fibers and Feed stocks-appear below.
Sales revenues, Fibers
$950,000
Sales revenues, Feedstocks
$900,000
Variable expenses, Fibers
$525,000
Variable expenses, Feedstocks
$424,000
Traceable fixed expenses, Fibers
$148,000
Traceable fixed expenses, Feedstocks
$156,000
Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Fibers business segment and $137,000 to the Feedstocks business segment.
Required: Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
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