Question
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 $ 10.00 $ 36.00 Variable expenses per pack $ 3.00 $ 12.00 Traceable fixed expenses per year $ 138,000 $ 45,000 Common fixed expenses in the company total $109,000 annually. Last year the company produced and sold 35,000 CD packs and 17,000 DVD packs. Required: Prepare a contribution format income statement for the year segmented by product lines. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) Product Line Total CD DVD $ $ $ $ $ $ Accounting
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