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GHI Company produces and sells two products, A and B. Selling price per unit of A=$7.00 Variable expenses per unit of A=$2.00 Traceable fixed expenses

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GHI Company produces and sells two products, A and B. Selling price per unit of A=$7.00 Variable expenses per unit of A=$2.00 Traceable fixed expenses per year for A=$50,000 Selling price per unit of B=$8.50 Variable expenses per unit of B=$5.00 Traceable fixed expenses per year for B=$25,000 Common fixed expenses per year =$30,000 The company produced and sold 15,000 units of A and 28,000 units of B. A) Prepare a contribution format income statement segmented by product lines. B) Are both product lines profitable? Which product should the company focus on promoting to increase profits? Required

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