#2- Exam - Part 2 Camren Corporation has two major business segments-Apparel and

Question

#2- Exam - Part 2 Camren Corporation has two major business segments-Apparel and Accessories. Data conceming those segments for December appear below: Sales revenues, Apparel variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories S 147,000 S 800,000 S 430,000 $ 143,000 Common fixed expenses totaled $382,000 and were allocated as follows: $177,000 to the Apparel business segment and $205,000 to the Accessories business segment Required: Prepare a segmented income statement in the contribution format for the company. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) Total Accessories Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to selec

Explanation / Answer

Total Apparel Accessories Sales revenue 1485000 685000 800000 Variable expenses 779000 349000 430000 Contribution margin 706000 336000 370000 Traceable fixed expenses 290000 147000 143000 Segment margin 416000 189000 227000 Common fixed expenses 382000 Net operating income 34000

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