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

Essay

Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below:
Common fixed expenses totaled $309,000 and were allocated as follows: $142,000 to the Apparel business segment and $167,000 to the Accessories business segment.Required:Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.