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Top of Form: Basic Segmented Income Statement (LO1)

The document provides revenue and cost information for Caltec Inc., which produces and sells CD and DVD packs. It produced and sold 37,500 CD packs at $8 per pack and 18,000 DVD packs at $25 per pack last year. Total variable expenses were $3.20 per CD pack and $17.50 per DVD pack. CD fixed expenses were $138,000 and DVD fixed expenses were $45,000, with additional common fixed expenses of $105,000.

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168 views1 page

Top of Form: Basic Segmented Income Statement (LO1)

The document provides revenue and cost information for Caltec Inc., which produces and sells CD and DVD packs. It produced and sold 37,500 CD packs at $8 per pack and 18,000 DVD packs at $25 per pack last year. Total variable expenses were $3.20 per CD pack and $17.50 per DVD pack. CD fixed expenses were $138,000 and DVD fixed expenses were $45,000, with additional common fixed expenses of $105,000.

Uploaded by

michelle
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Top of Form

Basic Segmented Income Statement [LO1]

Caltec, Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating to the
products follow:
  Product
  CD DVD
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. (Omit the "$" sign
in your response.)

  CD DVD Total

Sales $ $ $
     

Variable expenses      
     

Contribution margin      
     

Traceable fixed expenses      


     

Product line segment margin $ $  


     
Common fixed expenses not traceable
       
to products    

Net operating income         $


 

Hint 1

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