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 Variable expenses, Apparel Traceable fixed expenses, Apparel $ Sales revenues, Accessories Variable expenses, Accessories$ Traceable fixed expenses, 693,000 356,000 167,000 790,000 424,000 176,000 Accessories Common fixed expenses totaled $293,000 and were allocated as follows: $120,000 to the Apparel business segment and $173,000 to the Accessories business segment. Required Prepare a segmented income statement in the contribution format for the company. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.)

Explanation / Answer

Segmented Income Statement Particulars Total Apparel Accessories Sales 1483000 693000 790000 Less: Variable Cost 780000 356000 424000 Contri bution(Sales- variable cost) 703000 337000 366000 Less: Traceable fixed expenses 343000 167000 176000 Less: Common Fixed Cost 293000 120000 173000 Net operating income 67000 50000 17000

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