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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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Dec 03 2019 Read more Less More

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