I ned help with part b.

Sheridan Truff designs and manufactures a variety of personal products including wallets, purses, and key chains. Sheridan is proposing to begin manufacturing smart phone covers which sell for $29 each. Sheridan estimates that monthly sales volume will be 9,200 units. Variable product costs will be $16.20 per unit and fixed overhead will be $6 per unit. Half of the fixed overhead is directly traceable to the smart phone cover line. To promote the covers, Sheridan proposes a $1 per unit commission to the company's salespeople and a $8,200 per month advertising campaign. In compliance with corporate policy, the smart phone cover line will also be allocated $15,700 in fixed corporate support costs. (a) Your answer is correct. Prepare a traditional monthly income statement for the smart phone cover line. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sheridan Truff Monthly Income Statement Sales revenue to 266,800 Cost of goods sold Variable 149,040 i Fixed 55,200 i 204,240 i Gross margin 62,560 Operating expenses Commissions 9,200 i Advertising 8,200 Corporate support 15,700 i 33,100 i Operating income / (loss) V 29,460 eTextbook and MediaYour answer is partially correct. Prepare a monthly income statement that highlights the proposed smart phone cover line's segment margin. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sheridan Truff Monthly Income Statement Sales revenue V V $ e Textbook and Media Save for Later Attempts: unlimited Submit AnswerYour answer is partially correct. Prepare a monthly income statement that highlights the proposed smart phone cover line's segment margin. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sheridan Truff Monthly Income Statement Sales revenue V Cost of goods sold to Advertising Contribution margin Commissions Sales revenue able fixed expenses Variable ex Segment mar V $ e Textbook and Media Save for Later Attempts: unlimited Submit