Seebach Corporation Has Two Major Business Segments-Apparel and Accessories

question 71

Essay

Seebach Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for June appear below:
Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories 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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Definitions:

Skin-Fold Technique

A method to estimate body fat percentage by measuring the thickness of skin folds at specific body sites.

Body-Mass Index

A numerical computation comparing a person's weight and height, used to assess if they are underweight, overweight, or within a healthy weight range.

Metabolic Syndrome

A cluster of conditions including increased blood pressure, high blood sugar, excess body fat around the waist, and abnormal cholesterol levels, which occur together and increase the risk of heart disease, stroke, and diabetes.

Excessive Abdominal Fat

An unhealthy accumulation of fat in the stomach area, which is linked to increased risk of cardiovascular disease and diabetes.