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.