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Meghan Markel's Company sells two products, Standard and Deluxe. Data for activity during January are as follows: Standard Deluxe Sales $100,000 $120,000 Contribution margin 35%

Meghan Markel's Company sells two products, Standard and Deluxe. Data for activity during January are as follows:

Standard Deluxe
Sales $100,000 $120,000
Contribution margin 35% 30%
Traceable fixed costs $15,000 $25,000

Prepare a Segment Margin income statement. Common fixed costs total $25,000 & are allocated one-half to Standard and one-half to Deluxe (hint: allocation of expected fixed costs may not be relevant to a Segment Margin Income Statement)Standard

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