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    Dinnocenzo Corporation segments Fibers Feedstocks

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    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
    $870,000

    Sales revenues, Feedstocks
    $820,000

    Variable expenses, Fibers
    $426,000

    Variable expenses, Feedstocks
    $344,000

    Traceable fixed expenses, Fibers
    $148,000

    Traceable fixed expenses, Feedstocks
    $156,000

    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.

    Required:
    - Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.

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    Solution Summary

    Your tutorial is in excel, attached. Click in cells to see computations. Formulas permit this to be used as a template for other problems.

    $2.19

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