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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: Weedban Greengrow Selling price
Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating to the products follow: Weedban Greengrow Selling price per unit 8.00 34.00 Variable expenses per unit $2.70 $13.00 Traceable fixed expenses per year $ 138,000 $ 40,000 Common fixed expenses in the company total $112,000 annually. Last year the company produced and sold 44,000 units of Weedban and 18,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines.
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