Cullumber Corporation produces and sells two products, Basic and Super. Data for activity during March are as
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Question:
Cullumber Corporation produces and sells two products, Basic and Super. Data for activity during March are as follows:
| Basic | Super | |||
|---|---|---|---|---|
| Sales | $203,000 | $253,000 | ||
| Contribution margin | 25% | 28% | ||
| Total fixed costs | $68,000 | $68,000 |
Prepare a segment margin income statement. Omit the heading. Common fixed costs of $28,000 are allocated Basic and $33,000 to Super.
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