Camren Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below: Common fixed expenses totaled $357,000 and were allocated as follows: $161,000 to the Apparel business segment and $196,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.

Question

Camren Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below:  Common fixed expenses totaled $357,000 and were allocated as follows: $161,000 to the Apparel business segment and $196,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.

Quizplus · Accepted Answer

The Answer of Camren Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below:  Common fixed expenses totaled $357,000 and were allocated as follows: $161,000 to the Apparel business segment and $196,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.

Camren Corporation Has Two Major Business Segments-Apparel and Accessories