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Prepare a contribution-format income statement

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Reference no: EM131816857

Floppy Disk Inc. produces and sells recordable DVD and Blu-Ray packs. Revenue and cost information relating to the products follow:

Product

 

DVD

Blu-Ray

Selling price per pack

$8.00

$20.00

Variable expenses per pack

$3.20

$10.50

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 DVD packs and 18,000 Blu-Ray packs.

Required:

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

Reference no: EM131816857

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