Accounting homework help:

Each column on the left has the following options:

Honeyville Hardware produces and sells two products for professional landscapers: shovels and rakes Revenue and cost information relating to the products follow: Product Shovels Rakes Selling price per unit $10.00 21.00 6.50 Variable expenses per unit 12.00 Traceable fixed expenses per year 8.000 25.000 Common fixed expenses in the company total $15,000 annually. Last year the company produced and sold 3,500 shovels and 5,000 rakes. Required: Prepare a contribution format income statement for the year, segmented by product lines Total Shovels Rakes 0 0 S 0 0