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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: Selling price per unit Variable
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow 9.00 $ 35.00 $ 3.00 $ 12.00 $ 133,000 $ 31,000 Common fixed expenses in the company total $102,000 annually. Last year the company produced and sold 36,500 units of Weedban and 20,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Company Greengrow 0 0 0 0 $ 0 $ 0 $ 0
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