Camren Corporation has two major business segments-Apparel and Ac

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Camren Corporation has two major business segments-Apparel and Accessories. Data concernin

Camren Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below:


Sales revenues, Apparel	$	820,000
Variable expenses, Apparel	$	320,000
Traceable fixed expenses, Apparel	$	112,500
Sales revenues, Accessories	$	910,000
Variable expenses, Accessories	$	455,500
Traceable fixed expenses, Accessories	$	107,000

Common fixed expenses totaled $385,000 and were allocated as follows: $172,200 to the Apparel business segment and $212,800 to the Accessories business segment.

Required:

Prepare a segmented income statement in the contribution format for the company. (Input all amounts as positive values.)

	Total	Apparel	Accessories
(Click to select)Common fixed expensesDirect materialsSalesCost of goods soldTraceable fixed expenses	$	$	$
(Click to select)Common fixed expensesTraceable fixed expensesCost of goods soldDirect materialsVariable expenses

Contribution margin
(Click to select)Variable expensesCommon fixed expensesDirect materialsTraceable fixed expensesCost of goods sold

Segment margin		$	$
(Click to select)Common fixed expensesVariable expensesCost of goods soldTraceable fixed expensesDirect materials

(Click to select)Net operating lossNet operating income	$

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Abhinav 03-Dec-2019

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Camren Corporation has two major business segments-Apparel and Accessories. Data concernin

Camren Corporation has two major business segments-Apparel and Accessories. Data concernin

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