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The IT corporation produces and markets two types of electronic calculators: Model 11 and Model 12. The following Data were gathered on activities last month:

                                                                                    Model 11          Model 12

Sales in units                                                                      4,000            6,000

Selling price per unit                                                               75               125

Variable production cost                                                            22                38

Traceable Fixed production                                                  118,000         225,000

Variable selling expenses                                                             6                8

traceable fixed selling expenses                                              8,500              11,500

Allocated division admin Expenses                                              42,000            72,000

Prepare a segmented income statement in the contribution format for last month.

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9797693

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