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Spiess Corporation has two major business segments-Apparel and Accessories. Data concerning
those segments for December appear below: Common fixed expenses totaled $478 , 000 and
were allocated as follows: $187 , 000 to the Apparel business segment and $291 , 000 to the
Accessories business segment. Required: Prepare a segmented income statement in the
contribution format for the company.

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  • 1. Spiess Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below: Common fixed expenses totaled $478 , 000 and were allocated as follows: $187 , 000 to the Apparel business segment and $291 , 000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company.