Question
Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price
Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow:
| Product | ||||
| Weedban | Greengrow | |||
| Selling price per unit | $ | 9.00 | $ | 37.00 |
| Variable expenses per unit | $ | 3.00 | $ | 11.00 |
| Traceable fixed expenses per year | $ | 130,000 | $ | 45,000 |
Last year the company produced and sold 35,000 units of Weedban and 24,000 units of Greengrow. Its annual common fixed expenses are $107,000.
Required:
Prepare a contribution format income statement segmented by product lines.
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Computer Auditing Security And Internal Control Manual
Authors: Javier F. Kuong
1st Edition
0131629670, 978-0131629677
