Question - Data for December concerning Ash Corporation's two major business segments-Fibers and Feed stocks-appear below.
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Sales revenues, Fibers
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$950,000
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Sales revenues, Feedstocks
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$900,000
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Variable expenses, Fibers
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$525,000
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Variable expenses, Feedstocks
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$424,000
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Traceable fixed expenses, Fibers
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$148,000
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Traceable fixed expenses, Feedstocks
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$156,000
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Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Fibers business segment and $137,000 to the Feedstocks business segment.
Required: Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.