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Shaw Company produces and sells two packaged productsZ-Bikes and y Bikes. Revenue and cost information relating to the products follow: Product Z Bikes Y Bikes
- Shaw Company produces and sells two packaged productsZ-Bikes and y Bikes. Revenue and cost information relating to the products follow:
| Product | |||
| Z Bikes | Y Bikes | ||
Selling price per unit | $ | 175.00 | $ | 200.00 |
Variable expenses per unit | $ | 85.00 | $ | 105.00 |
Traceable fixed expenses per year | $ | 200,000 | $ | 75.00 |
Common fixed expenses in the company total $110 annually. Last year the company produced and sold 50,000 units of Z Bikes and 30,000 units of Y Bikes.
Required:
Prepare a contribution format income statement segmented by product lines.
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