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Business, 01.03.2021 19:10 ineedhelp2285

Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 685,000 Variable expenses, Apparel $ 349,000 Traceable fixed expenses, Apparel $ 147,000 Sales revenues, Accessories $ 800,000 Variable expenses, Accessories $ 430,000 Traceable fixed expenses, Accessories $ 143,000 Common fixed expenses totaled $382,000 and were allocated as follows: $177,000 to the Apparel business segment and $205,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company.

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