Mounce Corporation produces and sells two products,Basic and Super.Data for activity during March are as follows:
$\begin{array}{lcc}
& \underline {\text { Basic }} & \underline {\text { Super }} \
\text { Sales } & \$ 200,000 & \$ 250,000 \
\text { Contribution margin } & 25 \% & 28 \% \
\text { Total fixed costs } & \$ 65,000 & \$ 65,000
\end{array}$ Required:

Prepare a Segment Margin income statement. Common fixed costs of $25,000 are allocated Basic and $30,000 to Super.

Question

Mounce Corporation produces and sells two products,Basic and Super.Data for activity during March are as follows:
 $\begin{array}{lcc} 
& \underline {\text { Basic }} & \underline {\text { Super }} \
\text { Sales } & \$ 200,000 & \$ 250,000 \
\text { Contribution margin } & 25 \% & 28 \% \
\text { Total fixed costs } & \$ 65,000 & \$ 65,000
\end{array}$ Required:

Prepare a Segment Margin income statement. Common fixed costs of $25,000 are allocated Basic and $30,000 to Super.

Quizplus · Accepted Answer

The Answer of Mounce Corporation produces and sells two products,Basic and Super.Data for activity during March are as follows:
 $\begin{array}{lcc} 
& \underline {\text { Basic }} & \underline {\text { Super }} \
\text { Sales } & \$ 200,000 & \$ 250,000 \
\text { Contribution margin } & 25 \% & 28 \% \
\text { Total fixed costs } & \$ 65,000 & \$ 65,000
\end{array}$ Required:

Prepare a Segment Margin income statement. Common fixed costs of $25,000 are allocated Basic and $30,000 to Super.

Mounce Corporation Produces and Sells Two Products,Basic and Super Required: Prepare a Segment Margin Income Statement

Mounce Corporation Produces and Sells Two Products,Basic and Super Required:

Prepare a Segment Margin Income Statement