Cellway Phones Inc. sells one type of home phone and one type of cellular phone. Revenue...
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Cellway Phones Inc. sells one type of home phone and one type of cellular phone. Revenue and cost information for the year ended February 28, 2019 relating to the products are presented below. Home Phones Cell Phones Selling price per phone Variable cost per phone Traceable fixed costs The company incurs $180,000 in common fixed costs per year. Cellway manufactured and sold 25,000 home phones and 23,000 cell phones. Prepare a segmented contribution margin statement for the year based on product line. Sales Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Less: Variable Costs $62 $27 $141,000 Cellway Inc. Segmented Contribution Margin Statement For the Year Ended February 28, 2019 Contribution Margin Segment Margin Less: Traceable Fixed Costs $ s Operating Income $90 $41 $109,000 S Less: Common Fixed Costs S Total Segment (Product Line) Home Phones Cell Phones S S S S SA S S Cellway Phones Inc. sells one type of home phone and one type of cellular phone. Revenue and cost information for the year ended February 28, 2019 relating to the products are presented below. Home Phones Cell Phones Selling price per phone Variable cost per phone Traceable fixed costs The company incurs $180,000 in common fixed costs per year. Cellway manufactured and sold 25,000 home phones and 23,000 cell phones. Prepare a segmented contribution margin statement for the year based on product line. Sales Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Less: Variable Costs $62 $27 $141,000 Cellway Inc. Segmented Contribution Margin Statement For the Year Ended February 28, 2019 Contribution Margin Segment Margin Less: Traceable Fixed Costs $ s Operating Income $90 $41 $109,000 S Less: Common Fixed Costs S Total Segment (Product Line) Home Phones Cell Phones S S S S SA S S
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Home Phones Total Revenue Selling Price per Phone Number of Units Sold Total Revenue 62 25000 155000... View the full answer
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