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Caltec, Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating to the products follow: Product CD DVD Selling price per
Caltec, Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating to the products follow: Product CD DVD Selling price per pack $ 9.00 $ 36.00 Variable expenses per pack $ 2.80 $ 12.00 Traceable fixed expenses per year $ 130,000 $ 38,000 Common fixed expenses in the company total $110,000 annually. Last year the company produced and sold 40,500 CD packs and 24,000 DVD packs. Required: Prepare a contribution format income statement for the year segmented by product lines. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) ------------------------------- Sales Variable expense Contribution margin Traceable fixed expense Product line segment margin Common fixed expense not traceable Net operating
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