Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear...

Question

Question

Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appe

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

✔ Recommended Answer

Answer #1

	Total company	Apparel	Accessories
Sales	1488000	717000	771000
Variable expenses	907000	397000	510000
Contribution margin	581000	320000	261000
Traceable fixed expenses	301000	125000	176000
Segment margin	280000	195000	85000
Common fixed expenses	181000
Net operating income (loss)	99000

Add a comment

Answer 2

Similar Homework Help Questions

Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear...

Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 717,000 Variable expenses, Apparel $ 397,000 Traceable fixed expenses, Apparel $ 125,000 Sales revenues, Accessories $ 771,000 Variable expenses, Accessories $ 510,000 Traceable fixed expenses, Accessories $ 176,000 Common fixed expenses totaled $181,000 and were allocated as follows: $74,000 to the Apparel business segment and $107,000 to the Accessories business segment. Required: Prepare a segmented income statement in the...
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear...

Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 699,000 Variable expenses, Apparel $ 367,000 Traceable fixed expenses, Apparel $ 179,000 Sales revenues, Accessories $ 795,000 Variable expenses, Accessories $ 483,000 Traceable fixed expenses, Accessories $ 145,000 Common fixed expenses totaled $231,000 and were allocated as follows: $89,000 to the Apparel business segment and $142,000 to the Accessories business segment. Required: Prepare a segmented income statement in the...
Spiess Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear...

Spiess Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear below Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $775,000 $314,000 $201.ee $799,000 $425,000 $128,eee Common fixed expenses totaled $401.000 and were allocated as follows: $172,000 to the Apparel business segment and $229,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company. Total...

50 Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December...

50 Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 716,000 Variable expenses, Apparel $ 325,000 Traceable fixed expenses, Apparel $ 200,000 Sales revenues, Accessories $ 838,000 Variable expenses, Accessories $ 489,000 Traceable fixed expenses, Accessories $ 195,000 Common fixed expenses totaled $213,000 and were allocated as follows: $101,000 to the Apparel business segment and $112,000 to the Accessories business segment. Required: Prepare a segmented income statement in...
Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear...

Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses $735,000 $342,000 $174,000 777,000 426,000 $125,000 , Accessories Common fixed expenses totaled $433,000 and were allocated as follows: $187,000 to the Apparel business segment ad $246,000 to the Accessories business segment. Required Prepare a segmented income statement in the contribution format for the company...
TB Problem Qu. 6-283 Spiess Corporation has two major ... Spiess Corporation has two major business...

TB Problem Qu. 6-283 Spiess Corporation has two major ... Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $751,000 $388,000 $140,000 $828,000 $449,000 $117,000 Common fixed expenses totaled $322,000 and were allocated as follows: $137,000 to the Apparel business segment and $185,000 to the Accessories business segment. Required: Prepare a segmented...

You skipped the queution in TB Problem Qu. 6-283 Spless Corporation has two major - appear...

You skipped the queution in TB Problem Qu. 6-283 Spless Corporation has two major - appear below. Splece Corporation hno two major business segments-Apparel and Accessories. Data concerning those segments for December Sales revenues Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories R Variable expenses, Accessories Traceable fixed expenses, Accessories FELL 3717.000 $397,eee $125.000 $771, eee 3510, eee $176,000 Common fixed expenses totaled $181.000 and were allocated as follows: $74,000 to the Apparel business segment and $107,000...
Data for January for Bondi Corporation and its two major business segments, North and South, appear...

Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North Variable expenses, North Traceable fixed expenses, North Sales revenues, South $660,000 $ 383,000 $ 79,000 $ 510,000 Variable expenses, South $ 291,000 Traceable fixed expenses, South $66,000 In addition, common fixed expenses totaled $179,000 and were allocated as follows: $93,000 to the North business segment and $86,000 to the South business segment. A properly constructed segmented income statement in a...
Data for January for Bondi Corporation and its two major business segments, North and South, appear...

Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North $ 554,000 Variable expenses, North $ 321,500 Traceable fixed expenses, North $ 66,300 Sales revenues, South $ 428,000 Variable expenses, South $ 244,200 Traceable fixed expenses, South $ 55,400 In addition, common fixed expenses totaled $150,200 and were allocated as follows: $78,000 to the North business segment and $72,200 to the South business segment. A properly constructed segmented income statement...

Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales re...

Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $380,000, variable expenses of $205,000, and traceable fixed expenses of $45,000. During the same month, the West business segment had sales revenues of $1,050,000, variable expenses of $536,000, and traceable fixed expenses of $201,000. The common fixed expenses totaled $310,000 and were allocated as follows: $155,000 to the East business segment and $155,000 to the West business segment. A properly constructed...

Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear...

Homework Answers