Question
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 | $ | 32.00 |
| Variable expenses per unit | $ | 2.60 | $ | 14.00 |
| Traceable fixed expenses per year | $ | 134,000 | $ | 44,000 |
Common fixed expenses in the company total $102,000 annually. Last year the company produced and sold 44,000 units of Weedban and 17,000 units of Greengrow.
Required:
Prepare a contribution format income statement segmented by product lines.
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Accounting and auditing research tools and strategies
Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana
8th edition
9781118806487, 1118027078, 1118806484, 978-1118027073
