33

Problem 8-6 Ellie Manufacturing Company produces three products: A, B, and C. The income statement for 2011 is as follows: Sales Less: Variable cost Contribution margin Less fixed cost $200,000 127,000 $73,000 Manufacturing $20,000 Selling and administrative 14,000 34,000 Operating income $39,000 The sales, contribution margin ratios, and direct fixed expenses for the three types of products are as follows: Sales Contribution margin ratio Direct fixed expenses of products $60,000 35% $8,000 $40,000 30% $5,000 $100,000 40% $4,000 Required: Prepare income statements segmented by products. Enter all amounts as positive numbers. Ellie Manufacturing Company Income Statement For the Year 2011 Total Total