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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 $ 8.00 $ 39.00 $ 2.90 $ 12.00 $ 135,000 $ 32,000 Common fixed expenses in the company total $106,000 annually. Last year the company produced and sold 36,000 units of Weedban and 19,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. segmi Product Line Total Company Weedban Greengrow Sales Variable expenses 0 0 0 Contribution margin Traceable fixed expenses Product line segment margin 0 $ 0 $ 0 Common fixed expenses not traceable to products Net operating income $ 0
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