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

Question 140

Essay

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 $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. 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.

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