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Help Save Royal Lawncare Company produces and sells two packaged products--Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per
Help Save Royal Lawncare Company produces and sells two packaged products--Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrov $ 8.00 $ 37.00 $ 2.50 $ 11.00 $ 136,000 $ 40,000 Common fixed expenses in the company total $100,000 annually. Last year the company produced and sold 35,000 units of Weedban and 19,000 units of Greengrow. Required: Prepare a contribution format income statement segmeted by product lines. 5 Product Line Total Company Weedban Greengrow 0 0 0 Sales Variable expenses Contribution margin Traceable foxed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income 0 $ 0 0 $ $ 0
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