Camren Corporation has two major business segments-Apparel and Accessories Data concerning those segments for December appear below: Common fixed expenses totaled $213,000 and were allocated as follows: $101,000 to the Apparel business segment and $112,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company. (Input all amounts as positive values except losses which should be indicated by a minus sign.)
Solution
Total Apparel Accessories Sales 1554000 716000 838000 Variable Expenses 814000 325000 489000 Contribution Margine 740000 391000 349000 Traceble fixed expenses 395000 200000 195000 Segment Margin 345000 191000 154000 Common Fixed Expenses 213000 101000 112000 Net Operating income/loss 132000
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Camren Corporation has two major business segments-Apparel and Accesso.docx
1. Camren Corporation has two major business segments-Apparel and Accessories Data concerning
those segments for December appear below: Common fixed expenses totaled $213,000 and were
allocated as follows: $101,000 to the Apparel business segment and $112,000 to the Accessories
business segment. Required: Prepare a segmented income statement in the contribution format
for the company. (Input all amounts as positive values except losses which should be indicated
by a minus sign.)
Solution
Total Apparel Accessories Sales 1554000 716000 838000 Variable Expenses 814000 325000
489000 Contribution Margine 740000 391000 349000 Traceble fixed expenses 395000 200000
195000 Segment Margin 345000 191000 154000 Common Fixed Expenses 213000 101000
112000 Net Operating income/loss 132000
