Data for March concerning Mauger Corporation's two major business segments-Fibers and Feedstocks-appear below: Common fixed expenses totaled $461, 000 and were allocated as follows: $249, 000 to the Fibers business segment and $212, 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.

Question

Data for March concerning Mauger Corporation's two major business segments-Fibers and Feedstocks-appear below:  Common fixed expenses totaled $461, 000 and were allocated as follows: $249, 000 to the Fibers business segment and $212, 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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The Answer of Data for March concerning Mauger Corporation's two major business segments-Fibers and Feedstocks-appear below:  Common fixed expenses totaled $461, 000 and were allocated as follows: $249, 000 to the Fibers business segment and $212, 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.

Data for March Concerning Mauger Corporation's Two Major Business Segments-Fibers