Home / Questions / 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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