Here is data for May concerning Dorow Corporation\'s two major business segments

Question

Here is data for May concerning Dorow Corporation's two major business segments--Fibers and Feedstocks~~~~

Sales revenues, Fibers...........$990,000

Sales Revenues, Feedstocks....$690,000

Variable Expenses, Fibers.........$455,000

Variable Expenses, Feedstocks..$400,000

Traceable fixed expenses, Fibers......$99,000

Traceable fixed expenses, Feedstocks....$110,000

Common fixed expenses totaled $345,000 and were allocated as follows: $186,000 to the Fibers business segment and $159,000 to the Feedstocks business segment.

Prepare a segmented income statement in the contribution format for the company, use only dollar amounts...

Explanation / Answer

Dear Jacustomer, Here is your answer: ------------------------------------------------------------------------------------- Apparel Accessories $ $ Sales Revenue 700,000 710,000 Variable Expenses 406,000 312,000 Contribution 294,000 398,000 Less Fixed Costs: Traceable 98,000 107,000 Common 155,000 137,000 Total Fixed Costs 253,000 244,000 Profit 41,000 154,000

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