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EXERCISE 6 4 Basic Segmented Income Statement LO4 Caltec Inc produces and sells recordable CD and DVD packs Revenue and cost information relating to the products follow

EXERCISE 6–4 Basic Segmented Income Statement [LO4]

Caltec, Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating to the products follow:

 

 

 

 

Selling price per pack . . . . . . . . . . . . . . . .

$8.00

$25.00

Variable expenses per pack . . . . . . . . . . .

$3.20

$17.50

Traceable fixed expenses per year . . . . . .

$138,000

$45,000

 

Common fixed expenses in the company total $105,000 annually. Last year the company produced and sold 37,500 CD packs and 18,000 DVD packs.

Required:

Prepare a contribution format income statement for the year segmented by product lines.

Jun 29 2020 View more View Less

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