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Seebach Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for June appear below:
Sales revenues Apparel.....................................$700,000Variable expenses Apparel.................................$406,000Traceable fixed expenses Apparel........................$ 98,000Sales revenues, Accessories..............................$710,000Variable expenses, Accessories...........................$312,000Traceable fixed expenses, Accessories............... .$107,000
Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
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