CONTRIBUTION MARGIN, COMMON FIXED EXPENSES, OPERATING INCOME, SALES REVENUE, SEGMENT MARGIN, TRACEABLE FIXED EXPENSES, VARIABLE EXPENSES

*Exercise 10-4 Ivanhoe Optics manufactures two products: microscopes and telescopes. Information for each product is as follows. Sales price Sales volume Variable cost per unit Annual traceable fixed expenses Annual allocated common fixed expenses Microscopes Telescopes $ 31 $ 53 403,496 175,400 $ 15 $ 18 $ 3,004,200 $3,501,700 $ 2,006,200 $ 2,005,500 Prepare a segment margin income statement for Ivanhoe Optics that provides detail on both the product lines and the company as a whole. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).) Microscopes Telescopes Total