Data for December concerning Dinnocenzo Corporation's two major business segments-Fibers and Feedstocks-appear below

Data for December concerning Dinnocenzo Corporation's two major business segments-Fibers and Feedstocks-appear below:

Sales revenues, Fibers                                      $870,000

Sales revenues, Feedstocks                              $820,000

Variable expenses, Fibers                                $426,000

Variable expenses, Feedstocks                        $344,000

Traceable fixed expenses, Fibers                     $148,000
Traceable fixed expenses, Feedstocks             S156,000

Common fixed expenses totaled $314,000 and were allocated as follows: $129,000 to the Fibers business segment and $185,000 to the Feedstocks business segment.

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


TUTORIAL PREVIEW

	Fibers	Feedstocks	Total
	$	$	$
Sales Revenue	870,000	820,000	1,690,000

CLICK HERE FOR SOLUTION