2 3 4 Product Line Contribution Margin Income Statement For the Year Product lines Laminate 5 Wood flooring flooring Company Total 6 Sales revenue $ 309,000 $ 126,000 $ 435,000 7 Less: Variable expenses 151,000 88,000 239,000 8 Contribution margin $ 158,000 $ 38,000 $ 196,000 9 Less fixed expenses: 10 Manufacturing 71,000 51,000 122,000 11 Marketing and administrative 58,000 17,000 75,000 12 Operating income (loss) $ 29,000 $ (30,000) $ (1,000)