Adele Truff Designs and Manufactures a Variety of Personal Products

Essay

Adele Truff designs and manufactures a variety of personal products including wallets,purses,and key chains.Adele is proposing to begin manufacturing smart phone covers which sell for $25 each.Adele estimates that monthly sales volume will be 8,500
a.Prepare a traditional monthly income statement for the smart phone cover line.
b.Prepare a monthly income statement that highlights the proposed smart phone cover line's segment margin.
c.Which income statement would you recommend that Adele use when pitching the proposed line to company managers? Why would you recommend she use this statement?