Errera Corporation has two major business segments-Retail and Wholesale. In July, the
Retail business segment had sales revenues of $100,000, variable expenses of $54,000,
and traceable fixed expenses of $16,000. During the same month, the Wholesale business
segment had sales revenues of $920,000, variable expenses of $386,000, and traceable
fixed expenses of $156,000. Common fixed expenses totaled $269,000 and were allocated
as follows: $156,000 to the Retail business segment and $113,000 to the Wholesale
business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit
percentages; show only dollar amounts.