clo eto.mneduca ter BONUS Homework velue: 10:00 points . . Pratt Corporation has

Question

clo eto.mneduca ter BONUS Homework velue: 10:00 points . . Pratt Corporation has two major business segments Apparel and Accessories Dats conceming those segments for October appear below Sales revenues. Apparel730,000 Variable expenses, Apparel$316,000 Traceable fixed expenses.s Sales revenues Variable expenses. Accessories $ 185,000 Apparel Accessories $837 000 436,000 Traceable fixed expenses.s 122.000 Common fixed expenses totaled $431,000 and were allocated as follows $212.000 to the Apparel business segment and $219,000 to the Accessories business segment Required: Prepare a segmented income statement in the contribution format for the otal Compan Apparel Access References

Explanation / Answer

Prepare segmented income statement :

Total company Apparel Accessories Sales 1567000 730000 837000 Less: Variable cost (752000) (316000) (436000) Contribution margin 815000 414000 401000 Less: Traceable fixed expenses (307000) (185000) (122000) Segment margin 508000 229000 279000 Less: Common fixed expenses (431000) Income from operation 77000

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