Mossor Corporation Has Two Major Business Segments-Retail and Wholesale

Essay

Mossor Corporation has two major business segments-Retail and Wholesale.In December,the Retail business segment had sales revenues of $510,000,variable expenses of $296,000,and traceable fixed expenses of $61,000.During the same month,the Wholesale business segment had sales revenues of $510,000,variable expenses of $240,000,and traceable fixed expenses of $82,000.Common fixed expenses totaled $191,000 and were allocated as follows: $113,000 to the Retail business segment and $78,000 to the Wholesale business segment.
Required:
Prepare a segmented income statement in the contribution format for the company.Omit percentages;show only dollar amounts.