Reference no: EM131830027

Problem - Sandy Corporation has two major business segments-Clothing and Shoes. Data concerning those segments for June appear below.

Sales revenue - Clothing $300,000

Variable expenses - Clothing 60,000

Traceable fixed expenses - Clothing 30,000

Sales revenue - Shoes 200,000

Variable expenses - Shoes 50,000

Traceable fixed expense - Shoes 25,000

Common fixed expenses total $110,000 and were allocated as follows: $70,000 to the Clothing business segment and $40,000 to the Shoes business segment. Prepare a segmented income statement in the contribution format for the company.