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Question 4 (21 marks) Haha Electronic Limited manufactures and sells two electronic equipments, EQ and SEQ, in Hong Kong. The revenue and cost information of

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Question 4 (21 marks) Haha Electronic Limited manufactures and sells two electronic equipments, EQ and SEQ, in Hong Kong. The revenue and cost information of the company's products are as follows: Products EQ SEQ Selling price per unit $18.0 $42.0 $28.0 Variable expenses per unit $12.0 Traceable fixed expenses per year $113,000 $94,000 Common fixed expenses in the company total $123,500 yearly. Last year Haha Electronic Limited produced and sold 17,200 EQ and 34,800 SEQ. Required: Prepare a contribution format income statement for the year segmented by product lines. (25 marks)

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