Vogue Test Inc. is produces two types of toothpaste, Numero and Dinero. Revenue and cost  information for the year ended December 31, 2022 relating to the products are presented below.      

Product   Numero Dinero  Selling price per toothpaste $15 $35  Variable cost per toothpaste $8 $20  Traceable fixed costs $50,000 $200,000.      

The company incurs $180,000 in common fixed costs per year. Vogue Test Inc. produced and sold 35,000 numero and 55,000 dinero.        

(a) NEED segmented contribution margin statement for the year based on product line. (8 marks)     

(b) Which product has the highest segment margin percentage? Explain. (2marks)