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Prepare a segmented income statement in the contribution

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Reference no: EM131782069

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: EM131782069

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