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Gurriel and Marisnick Quality Products Company produces and sells two packaged products-- Product W and Product G. Revenue and cost information relating to the products

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Gurriel and Marisnick Quality Products Company produces and sells two packaged products-- Product W and Product G. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Product W Product G $ 12.00 $ 32.00 $ 2.80 $ 10.00 $ 130,000 $ 45,000 Common fixed expenses in the company total $115,000 annually. Last year the company produced and sold 38,000 units of Product W and 22,000 units of Product G. Required: Prepare a contribution format income statement segmented by product lines. Total Company Product Line Product W Product G 0 0 0 ols 05 0 $ 0

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