1. Chapter 6: Segmented Income Statement Data: Jones Company produces and sells two packaged products, product A and product B. Revenue and cost information relating to the products follow. Product A: Sales = $300,000, Total Variable Cost = $120,000, Traceable Fixed Cost = $80,000. Product B: Sales = $400,000, Total Variable Cost = $240,000, Traceable Fixed Cost = $70,000. Common Fixed Cost = $140,000 annually. It is allocated equally between the two products. Required: Prepare a segmented income statement showing segment margin by product lines.

1. Chapter 6: Segmented Income Statement Data: Jones Company produces and sells two packaged products, product A and product B. Revenue and cost information relating to the products follow. Product A: Sales =$300,000, Total Variable Cost =$120,000, Traceable Fixed Cost =$80,000. Product B: Sales =$400,000, Total Variable Cost =$240,000, Traceable Fixed Cost =$70,000. Common Fixed Cost =$140,000 annually. It is allocated equally between the two products. Required: Prepare a segmented income statement showing segment margin by product lines