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Spiess Corporation Has Two Major Business Segments--Apparel and Accessories

Question 71

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Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below:
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Common fixed expenses totaled $457,000 and were allocated as follows: $163,000 to the Apparel business segment and $294,000 to the Accessories business segment.Required:Prepare a segmented income statement in the contribution format for the company. Common fixed expenses totaled $457,000 and were allocated as follows: $163,000 to the Apparel business segment and $294,000 to the Accessories business segment.Required:Prepare a segmented income statement in the contribution format for the company.

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