earch No results Options W Set 1 Help Thalassine product line for several years. The most recent quarterly contribution format income statement for the bilge pump product line follows: s Kataskeves, SA. of Greece makes marine equipment. The company has been Thalassines Kataskeves, S.A. Income Statement-Bilge Pump For the Quarter Ended March 31 Sales Variable expenses: $850,e80 Variable manufacturing expenses Sales commissions Shipping $330,080 42,000 18,000 Total variable expenses Contribution margin Fixed expenses: 390,800 Advertising (for the bilge pump product line) Depreciation of equipment (no resale value) General factory overhead Salary of product-line manager Insurance on inventories 278,eee 88,800 105,eee 32,eee 8,0e8 45, eee Purchasing department 548, e80 $ (80,000) Total fixed expenses Net operating loss Common costs allocated on the basis of machine-hours. tCommon costs allocated on the basis of sales dollars. Next >