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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
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 Greengrow 12.00 $ 32.00 2.50 $ 13.00 $ 131,000 $ 43,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 41,000 units of Weedban and 15,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Weedban Company Greengrow Sales 0 0 Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income 0 S 0S 0 | S
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