Airway Phones Inc. sells one type of home phone and one type of cellular phone....
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Accounting
Airway 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
$58
$81
Variable cost per phone
$34
$31
Traceable fixed costs
$144,000
$100,000
The company incurs $169,000 in common fixed costs per year. Airway manufactured and sold 16,700 home phones and 31,600 cell phones. Prepare a segmented contribution margin statement for the year based on product line. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number.
phones. Prepare a segmented contribution margin statement for the year based on product line. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Airway Inc. Segmented Contribution Margin Statement For the Year Ended February 28, 2019 Segment (Product Line) Total Home Phones Cell Phones Sales $ $ $ $ Less: Variable Costs $ $ $ Contribution Margin $ $ Less: Traceable Fixed Costs $ $ $ Segment Margin $ $ $ Less: Common Fixed Costs $ Operating Income $
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