SCG, Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating to the products follow: Product CD DVD P 25.00 P 17.50 P45,000 P. 8.00 Selling price per pack Variable expenses per pack Traceable fixed expenses per year P. 3.20 P138,000 Common fixed expenses in the company total P105,000 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.

SCG, Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating to the products follow: Product CD DVD P 25.00 P 17.50 P45,000 P. 8.00 Selling price per pack Variable expenses per pack Traceable fixed expenses per year P. 3.20 P138,000 Common fixed expenses in the company total P105,000 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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