Cassie Jelly Company Provided the Following Information

Essay

Cassie Jelly Company provided the following information:
Net sales were $150,000, of which $90,000 was attributable to the Cherry Division. Variable costs were $80,000, of which 40% was attributable to the Grape Division
Total separable discretionary costs were $32,000, of which $20,000 applied to the Cherry Division.
Total separable committed costs, not regarded as controllable by segment managers, were $14,000 in the Cherry Division and $4,000 in the Grape Division.
The common costs not clearly allocated to any part of the company amounted to $5,000. Required:
Prepare a contribution approach income statement for the company as a whole and also for the divisions.