Solution-Prepare a segmented income statement

Prepare a segmented income statement

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Reference no: EM132071526

Question - Data for December concerning Ash Corporation's two major business segments-Fibers and Feed stocks-appear below.

Sales revenues, Fibers	$950,000
Sales revenues, Feedstocks	$900,000
Variable expenses, Fibers	$525,000
Variable expenses, Feedstocks	$424,000
Traceable fixed expenses, Fibers	$148,000
Traceable fixed expenses, Feedstocks	$156,000

Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Fibers business segment and $137,000 to the Feedstocks business segment.

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

Reference no: EM132071526

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Prepare a segmented income statement

Reference no: EM132071526

Reference no: EM132071526

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