Pratt Corporation has two primary business segments: clothing and accessories.The data related to these segments for October
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Question:
Pratt Corporation has two primary business segments: clothing and accessories. The data related to these segments for October are shown below: |
Sales revenue, apparel | ps | 756,000 |
Variable expenses, Clothing | ps | 338,000 |
Traceable fixed expenses, Clothing | ps | 201,000 |
Sales revenue, Accessories | ps | 771,000 |
Variable expenses, Accessories | ps | 478,000 |
Traceable fixed expenses, Accessories | ps | 116,000 |
Common fixed expenses totaled $321,000 and were allocated as follows: $128,000 to the Apparel business segment and $193,000 to the Accessories business segment. |
Prepare a segmented income statement in the contribution format for the company. | ||||||||||||||||||||||||||||||||||||
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Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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