e File Edit View History Bookmarks People Window Help Secure low/connect.htm Exa

Question

e File Edit View History Bookmarks People Window Help Secure low/connect.htm Exam 2 Helg Spless Corporation has two major business segments-Apparel and Accessories. Deta conceming those segments for December appear below Variable expenees, Appare Traceable fixed xpenses, Appare Sales revenues, secessories 388,000 443, 000 117,000 Common fixed expenses totaled $322,000 and were allocated as follows: $137,000 to the Apparel business segment and $185,000 to the Accessories business segment Prepare a segmented Income statement in the contribution format for the company Net operating inoome (loss) Prev lof5? Next > MacBook Air 2 4 6 8 9

Explanation / Answer

CONTRIBUTION FORMATE INCOME STATEMENT Particulars Total Company Apparel   Accessories Sales Revenue $                 15,79,000 $               7,51,000 $                 8,28,000 Less : Variable Expenses $                   8,37,000 $               3,88,000 $                 4,49,000 Contribution Margin $                   7,42,000 $               3,63,000 $                 3,79,000 Less: Fixed Expenses Traceable Fixed Expenses $                   2,57,000 140000 $                 1,17,000 Common Fixed Expenses $                   3,22,000 137000 $                 1,85,000 Net Operating income $                   1,63,000 $                  86,000 $                     77,000

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.