Camren Corporation has two major business segments-Apparel and Accessories. Data
ID: 2399038 • Letter: C
Question
Camren Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below:
Common fixed expenses totaled $406,000 and were allocated as follows: $182,000 to the Apparel business segment and $224,000 to the Accessories business segment.
Prepare a segmented income statement in the contribution format for the company. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.)
Camren Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below:
Explanation / Answer
Segmented Income Statement
Apparel
Accessories
Company
Revenues
683000
848000
1531,000
Variable Expenses
351000
424000
775,000
Contribution
332000
424,000
756,000
Fixed Expenses
154,000
190,000
344,000
Operating Income
178,000
234,000
412,000
Common Fixed Expenses
406,000
Net Income
6,000
Apparel
Accessories
Company
Revenues
683000
848000
1531,000
Variable Expenses
351000
424000
775,000
Contribution
332000
424,000
756,000
Fixed Expenses
154,000
190,000
344,000
Operating Income
178,000
234,000
412,000
Common Fixed Expenses
406,000
Net Income
6,000
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