Data for December concerning Ash Corporation’s two major business segments-Fibers
Data for December concerning Ash Corporation’s two major business segments-Fibers and Feedstocks-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.
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