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Pratt Corporation Has Two Major Business Segments-Apparel and Accessories

Question 26

Essay

Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: Common fixed expenses totaled $153,000 and were allocated as follows: $73,000 to the Apparel business segment and $80,000 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 $153,000 and were allocated as follows: $73,000 to the Apparel business segment and $80,000 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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