Jasper Company Makes Two Versions of One Product,Standard and Deluxe

Essay

Jasper Company makes two versions of one product,Standard and Deluxe.In November,sales of standard and Deluxe amount to $680,000 and $520,000,respectively.The contribution margin ratio for Standard is 30% and Standard had direct fixed production and administrative costs of $125,000.The contribution margin ratio for Deluxe was 40% and direct fixed costs were $160,000.Common costs that couldn't be allocated in a meaningful way were $100,000.
Prepare a segmented income statement for the month of November.