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Dinnocenzo Corporation segments Fibers Feedstocks

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.

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.

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