Camren Corporation has two major business segments-Apparel and Accessories. Data

Question

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

Common fixed expenses totaled $181,000 and were allocated as follows: $74,000 to the Apparel business segment and $107,000 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

Camren Corporation Segmented Income Statement ($) ($) ($) Total Apparel Accessories Sales        14,88,000        7,17,000        7,71,000 Variable Expense           9,07,000        3,97,000        5,10,000 Contribution Margin           5,81,000        3,20,000        2,61,000 Traceable Fixed Expense           3,01,000        1,25,000        1,76,000 Segment Margin           2,80,000        1,95,000            85,000 Common Fixed Expense           1,81,000 Net Operating Income              99,000

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