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Complete the statement in good format

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Reference no: EM131133075

Background information

 

Total

Prod A

Prod B

Beginning inventory

0

Units produced

10,000

2,500

7,500

Units sold

8,000

2,000

6,000

 


Selling price per unit

$255

480

180

Variable costs per unit


Direct material

100

280

40

Direct labor

60

60

60

Variable overhead

25

40

20

Variable selling and admin. exp.

10

13

9

 


Fixed costs


Fixed manufacturing overhead

200,000

Fixed selling and administrative

100,000

 


Production runs (not $)

100

65

35

Number of sales reps (not $)

25

15

10

Here are the first few lines of the segmented income statement to help you get started. Complete the statement in good format and make sure you allocate the fixed costs to the two products. When done, comment on the information and the relative profitability of the two products.

Herrestad Company
Segmented Income Statement
For the period ending Dec. 31, 2011

 

A

B

Total

Sales

$960,000

$1,080,000

$2,040,000

Variable costs:


Direct material

560,000

240,000

800,000

The submission should be 2 to 4 pages and need to include answers to all the questions listed above. Show computations, discuss the results and include references in APA format.

Reference no: EM131133075

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