I need some help with answering the following:
Data for December concerning Dinnocenzo Corporation's two major business segments-Fibers and Feedstocks-appear below:
Sales revenues, Fibers
Sales revenues, Feedstocks
Variable expenses, Fibers
Variable expenses, Feedstocks
Traceable fixed expenses, Fibers
Traceable fixed expenses, Feedstocks
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.
- Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
Your tutorial is in excel, attached. Click in cells to see computations. Formulas permit this to be used as a template for other problems.