Question

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

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

Sales revenues, Apparel $ 730,000
Variable expenses, Apparel $ 316,000
Traceable fixed expenses, Apparel $ 185,000
Sales revenues, Accessories $ 837,000
Variable expenses, Accessories $ 436,000
Traceable fixed expenses, Accessories $ 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 company.

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