Forth Corporation Has Two Major Business Segments-Retail and Wholesale

question 59

Essay

Forth Corporation has two major business segments-Retail and Wholesale. In March, the Retail business segment had sales revenues of $500,000, variable expenses of $245,000, and traceable fixed expenses of $90,000. During the same month, the Wholesale business segment had sales revenues of $240,000, variable expenses of $101,000, and traceable fixed expenses of $38,000. Common fixed expenses totaled $152,000 and were allocated as follows: $79,000 to the Retail business segment and $73,000 to the Wholesale 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:

Founder Cells

Cells that originate a population or tissue and possess the genetic information and proliferative ability to sustain the population.

Homeodomain

A functional region of certain transcription factors; consists of approximately 60 amino acids specified by a homeobox DNA sequence and includes a recognition alpha helix, which binds to specific DNA sequences and affects their transcription.

Amino Acids

Organic compounds that combine to form proteins, essential for the structure, function, and regulation of the body's cells, tissues, and organs.

Cell Apoptosis

The process of programmed cell death that occurs in multicellular organisms, crucial for development and maintaining the health of the organism.