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10 3 Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: points eBook
10 3 Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: points eBook Print References Selling price per unit Variable expenses per unit Product Weedban Greengrow $ 11.00 $ 39.00 $ Traceable fixed expenses per year 2.50 $ 14.00 $ 136,000 $ 45,000 Common fixed expenses in the company total $115,000 annually. Last year the company produced and sold 35,000 units of Weedban and 22,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income Product Line Total Weedban Greengrow Company 0 0 0 0 $ 0 $ 0 $ 0
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