Exercise- Segmented Income Statement
BTO, Inc., produces and sells two products: the X 100 and X 200. Revenue and cost information for the two products are as follows:
BTO's common fixed expenses total $125,000 per year. Last year, the company produced and sold 42,500 units of X 100 and 19,000 units of X 200.
Required:
Prepare a segmented income statement, using the contribution format, for BTO.