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Mounce Corporation produces and sells two products, Basic and Super. Data for activity during March are as follows: Basic Super Sales $250,000 $200,000 28% Contribution

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Mounce Corporation produces and sells two products, Basic and Super. Data for activity during March are as follows: Basic Super Sales $250,000 $200,000 28% Contribution margin 25% $65,000 $65,000 Total fixed costs Required: Prepare a Segment Margin income statement in good form. Common fixed costs of $25,000 are allocated Basic and $30,000 to Super

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