Basic Segmented Income Statement [LO4]

Caltec, Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating to the products follow:

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.

Transcribed Image Text:

Product CD DVD Selling price per pack..... Variable expenses per pack... $8.00 $25.00 $3.20 $17.50 Traceable fixed expenses per year. $138,000 $45,000