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 October appear below:

Sales revenues, Apparel $693,000

Variable expenses, Apparel $356,000

Traceable fixed expenses, Apparel $167,000

Sales revenues, Accessories $790,000

Variable expenses, Accessories $424,000

Traceable fixed expenses, Access $176,000

Common fixed expenses toataled $293,000 and were allocated as follows: $120,000 to the Apparel business segment and $173,000 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.)

Explanation / Answer

Particulars Total Apparel division Accessories division Sales revenue 1483000 693000 790000 - variable expenses 780000 356000 424000 - traceable fixed costs 343000 167000 176000 - common fixed costs allocation 293000 120000 173000 Income 67000 50000 17000

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