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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: Product Weedban Greengrow Selling
Royal Lawncare Company produces and sells two packaged products --Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 9.00 $ 34.00 Variable expenses per unit $ 3.20 $ 12.00 Traceable fixed expenses per year $ 137,000 $ 39,000 Last year the company produced and sold 44,000 units of Weedban and 19,000 units of Greengrow. Its annual common fixed expenses are $111,000 Required: Prepare a contribution format income statement segmented by product lines. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow
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