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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 $ 35.00 $ 2.70 $ 14.00 $ 132,000 $ 33,000 Last year the company produced and sold 36,500 units of Weedban and 22,000 units of Greengrow. Its annual common fixed expenses are $103,000. Required: Prepare a contribution format income statement segmented by product lines. Total Company Product Line Weedban Greengrow 0 0 0 0 $ 0 $ 0 $ 0
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