Grand Finale Inc. is produces two types of shows, action and comedy. Revenue and cost
information for the year ended December 31, 2023 relating to the products are presented below.
		Product
		Action	Comedy
	Selling price per show	$5.00	$3.00
	Variable cost per show	$2.80	$1.10
	Traceable fixed costs	$11,500	$4,800
The company incurs $15,000 in common fixed costs per year. Grand Finale Inc. produced and sold
12,000 action and 5,000 comedy.
(a) Prepare a segmented contribution margin statement for the year based on product line. (8 marks)
(b) Which product has the highest segment margin percentage? Explain. (2 marks)