Gurriel and Marisnick Quality Products Company produces and sells two packaged products-- Product W and Product G. Revenue and cost information relating to the products follow: 

 

Common fixed expenses in the company total $115,000 annually. Last year the company produced and sold 38,000 units of Product W and 22,000 units of Product G.

Required:

Prepare a contribution format income statement segmented by product lines.

 

Product Product G $ 32.00 $ 10.00 $ 45,000 Product W Selling price per unit Variable expenses per unit Traceable fixed expenses per year %2. 12.00 2.80 $ 130,000