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Samsung Limited manufactures and markets DVD and Blue ray phones in Hong Kong. The revenue...

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Samsung Limited manufactures and markets DVD and Blue ray phones in Hong Kong. The revenue and cost information of the company's products are as follows: Products Selling price per phone Variable expenses per phone Traceable fixed expenses per year $11.0 $7.0 DVD Blue ray S33.0 S21.0 85000 77,000 Common fixed expenses in the company total S91,100 yearly. Last year the Samsung produced and sold 28,000 DVD phones and 13,400 Blue ray phones. Required.: Prepare a contribution format income statement for the year segmented by product lines. (25 marks)

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