Mittri Inc., produces and sells milk chocolate and white chocolate bars. Revenue and cost information relating to the products are: Products Milk Chocolate White Chocolate Selling Price per bar $0.75 $2.00 Variable Expense per bar $0.45 $1.05 Traceable Fixed Expenses per year $11,600 $145,000 Common fixed expenses in the company total $162,000 annually. Last year the company produced and sold 492,600 milk chocolate bars and 250,300 white chocolate bars. Prepare a contribution format income statement for the year segmented by product lines. What is the net operating income for the year? a - $66,365 b - $55,567 c – $66,478 d – $78,900
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