Complete the tollowing.

Chapter $6$: Segmented Income Statement

Data:

Jones Company produces and sells two packaged products, product A and product B$.$

$2.2$

Revenue and cost information relating to the products follow.

Product A: Sales $=$$$500,000,$ Total Variable Cost $=$$$220,000,$ Traceable Fixed Cost $=$ $$60,000.$

Product B: Sales $=$$$600,000,$ Total Variable Cost $=$$$360,000,$ Traceable Fixed Cost $=$ $$50,000.$

Common Fixed Cost $=$$$320,000$ annually. It is allocated equally between the two products.

Required: Prepare a segmented income statement showing segment margin by product lines.

$2.$ Chapter $8$:

Production Budget

Budgeted Sales: January $=70,000$ units, February $=50,000$ units

Beginning units in January Inventory equals $6,000.$

Company policy is to have $20$ percent of the following month's sales $($units$)$ in the ending inventory each month.

Required: Prepare a production budget for the month of January.