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 | $ | 12.00 | $ | 30.00 |
| Variable expenses per unit | $ | 2.50 | $ | 13.00 |
| Traceable fixed expenses per year | $ | 136,000 | $ | 36,000 |
| Common fixed expenses in the company total $101,000 annually. Last year the company produced and sold 37,000 units of Weedban and 17,000 units of Greengrow. |
| Required: |
| Prepare a contribution format income statement segmented by product lines. |
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Auditing Human Resources
Authors: Kelli W. Vito
2nd Edition
0894136941, 978-0894136948
