Data for September concerning Greenberger Corporation's two major business segments--Fibers and Feedstocks--appear below: Sales revenues, Fibers $ 750,000 Sales revenues, Feedstocks $ 620,000 Variable expenses, Fibers $ 368,000 Variable expenses, Feedstocks $ 254,000 Traceable fixed expenses, Fibers $ 98,000 Traceable fixed expenses, Feedstocks $ 112,000 Common fixed expenses totaled $344,000 and were allocated as follows: $175,000 to the Fibers business segment and $169,000 to the Feedstocks business segment. Required: Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
Data for September concerning Greenberger Corporation's two major business segments--Fibers and Feedstocks--appear below: Sales revenues, Fibers $ 750,000 Sales revenues, Feedstocks $ 620,000 Variable expenses, Fibers $ 368,000 Variable expenses, Feedstocks $ 254,000 Traceable fixed expenses, Fibers $ 98,000 Traceable fixed expenses, Feedstocks $ 112,000 Common fixed expenses totaled $344,000 and were allocated as follows: $175,000 to the Fibers business segment and $169,000 to the Feedstocks business segment. Required: Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Data for September concerning Greenberger Corporation's two major business segments--Fibers and Feedstocks--appear below:
Common fixed expenses totaled $344,000 and were allocated as follows: $175,000 to the Fibers business segment and $169,000 to the Feedstocks business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
| Sales revenues, Fibers | $ | 750,000 | |
| Sales revenues, Feedstocks | $ | 620,000 | |
| Variable expenses, Fibers | $ | 368,000 | |
| Variable expenses, Feedstocks | $ | 254,000 | |
| Traceable fixed expenses, Fibers | $ | 98,000 | |
| Traceable fixed expenses, Feedstocks | $ | 112,000 |
Common fixed expenses totaled $344,000 and were allocated as follows: $175,000 to the Fibers business segment and $169,000 to the Feedstocks business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
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