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Caltec. Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating lo the products follow: Selling price per pack $ 8.00
Caltec. Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating lo the products follow: Selling price per pack $ 8.00 $ 40.00 Variable expenses per pack $ 2.70 $ 10.00 Traceable fixed expenses per year $ 133,000 $ 33,000 Common fixed expenses in the company total $97,000 annually. Last year the company produced and sold 44.000 CD packs and 17,500 DVD packs. Prepare a contribution format income statement for the year segmented by product lines. (Input all amounts as positive values except tosses which should be indicated by a minus sign.)
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