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3. Yellowstone Ent. produces and sells two stone fireplaces, Econo and Luxurious. Last year the company produced and sold 1,100 Econo fireplaces and 200 Luxurious
3. Yellowstone Ent. produces and sells two stone fireplaces, Econo and Luxurious. Last year the company produced and sold 1,100 Econo fireplaces and 200 Luxurious models. Its annual common fixed expenses are $83,000. Prepare a segmented income statement by filling in the missing numbers below. Selling price per unit Variable expenses per unit Traceable fixed expenses per year Sales (units) Econo $600 $350 $45,000 1,100 Luxurious $900 $510 $32,000 200 t. Sales Variable expenses 385,000 Contribution margin 275,000 45,000 Traceable fixed expenses 32,000 77,000 276,000 Product margin Common fixed expenses Operating Income
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