Basic Segmented Income Statement
Caltec, Inc., produces and sells recordable CD and DVD packs, Revenue and cost information relating to the products follow:
| Product | |
CD | DVD | |
Selling price per pack | $8.00 | $25.00 |
Variable expenses per pack | $3.20 | $17.50 |
Traceable fixed expenses per year | $138,000 | $45,000 |
Common fixed expenses in the company total $105,000 annually, Last year the company produced and sold 37,500 CD packs and 18,000 DVD packs.
Required:
Prepare a contribution format income statement for the year segmented by product lines.
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