The Corporation produces and markets two types of electronic Model and Model The following were gathered on activities during the third quarter Sales in units model 4A 5300 model 5A 3150 Sales price per unit model 4A $130 model 5A $230 Variable production costs per unit model 4A $26 model 5A $49 Traceable fixed production costs model 4A $203000 model 5A 303000 Variable selling expenses per unit model 4A $13 model 5A $15 Traceable fixed setting expenses model 4 A $11500 model 5A $16500 Allocated portion of corporate expenses model 4A $122000 model 5A $ 126000 Required: Prepare a segmented income statement for last quarter The statement should provide sufficient detail to allow the company to evaluate the performance of the manager of each product line.
The Corporation produces and markets two types of electronic Model and Model The following were gathered on activities during the third quarter Sales in units model 4A 5300 model 5A 3150 Sales price per unit model 4A $130 model 5A $230 Variable production costs per unit model 4A $26 model 5A $49 Traceable fixed production costs model 4A $203000 model 5A 303000 Variable selling expenses per unit model 4A $13 model 5A $15 Traceable fixed setting expenses model 4 A $11500 model 5A $16500 Allocated portion of corporate expenses model 4A $122000 model 5A $ 126000 Required: Prepare a segmented income statement for last quarter The statement should provide sufficient detail to allow the company to evaluate the performance of the manager of each product line.
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