Prepare a segmented income statement in the contribution, Ask an Expert

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Data for December concerning D Corp. two major business segments-Fibers and Feedstocks-appear below.

Sales rev, Fibers $870000
Sales Rev, Feedstocks $820000
Variable exp, Fibers $426000
Variable exp, Feedstock $344000
Traceable fixed exp, Fiber $148000
Traceable fixed exp, Feedstock $156000

Common fixed expenses totaled $314000 and were allocated as follows: $129000 to the Fibers business segment and $185000 to the Feedstocks business segment

Reqired:

Prepare a segmented income statement in the contribution format for the company. Omit percentages, show only dollar amounts.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9412951

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