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Sheridan Optics manufactures two products: microscopes and telescopes. Information for each product is as follows. Microscopes Telescopes Sales price Sales volume $ 34 $ 53

Sheridan Optics manufactures two products: microscopes and telescopes. Information for each product is as follows. Microscopes Telescopes Sales price Sales volume $ 34 $ 53 406,565 178,500 $ 15 $ 20 Variable cost per unit Annual traceable fixed expenses $ 3,003,300 $ 3,505,100 Annual allocated common fixed expenses $2,009,500 $ 2,006,700 Prepare a segment margin income statement for Sheridan Optics that provides detail on both the product lines and the company as a whole. (If the amount is negative then enter with a negative sign preceding the number, eg. -5,125 or parenthesis, eg (5,125).) Annual allocated common fixed expenses Prepare a segment margin income statement for Sheridan Optics that provides detail on both the product lines and the company as a whole. (If the amount is negative then enter with a negative sign preceding the number, eg-5,125 or parenthesis, es. (5,125)) Sales revenue Variable expenses Contribution margin Traceable foxed expenses Segment margin Common foxed expenses Operating income Microscopes Telescopes $ $ $ $ Total

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