Questions:
Seebach Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for June appear below:
Sales revenues Apparel.....................................$700,000
Variable expenses Apparel.................................$406,000
Traceable fixed expenses Apparel........................$ 98,000
Sales revenues, Accessories..............................$710,000
Variable expenses, Accessories...........................$312,000
Traceable 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