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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 $12.00 5 38.00 Variable expenses per unit $2.90 $ 15.00 Traceable fixed expenses per year $ 130,000 38,000 Last year the company produced and sold 42.500 units of Weedban and 24,500 units of Greengrow.its annual common fixed expenses are $107.000. Required: Prepare a contribution format income statement segmented by product lines Answer is complete but not entirely correct. Product Line Total Weedhan Company Greengrow Sale $1,180,500 $ 498,000 $382.500 Variable expenses 347,850 120.350 227,500 Contribution margin 832.650 377,650 455.000 Tractiefoued expenses 178,000 131.000 47.000 Product in segment margin 654,050 $ 246.650 S408.000 Common fed expenses not traceable to products 108,000 Net operating income 5546.650 SOSO
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