Question - Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below:
Sales revenues, Apparel $ 699,000
Variable expenses, Apparel $ 367,000
Traceable fixed expenses, Apparel $ 179,000
Sales revenues, Accessories $ 795,000
Variable expenses, Accessories $ 483,000
Traceable fixed expenses, Accessories $ 145,000
Common fixed expenses totaled $231,000 and were allocated as follows: $89,000 to the Apparel business segment and $142,000 to the Accessories business segment.
Required: Prepare a segmented income statement in the contribution format for the company.