10-4 Segment margin income statement (LO 2)

Bridges Optics manufactures two products: microscopes and telescopes. Information for each product is as follows.

	Microscopes		Telescopes
Sales price	$40		$30
Sales volume	300,000		150,000
Variable cost per unit	$18		$17
Annual traceable fixed expenses	$3,800,000		$1,200,000
Annual allocated common fixed expenses	$2,400,000		$1,000,000

Required

Prepare a segment margin income statement for Bridges Optics that provides detail on both the product lines and the company as a whole.