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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 | $ 6.00 | $ 7.50 | |
Variable expenses per unit | $ 2.40 | $ 5.25 | |
Traceable fixed expenses per year | $ 45,000 | $ 21,000 |
Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Its annual common fixed expenses are $33,000.
Required:
Prepare a contribution format income statement segmented by product lines.
\begin{tabular}{|l|l|l|l|} \hline & \multicolumn{3}{|c|}{ Product Line } \\ \cline { 2 - 5 } & Total Company & Weedban & Greengrow \\ \hline \hline & & & \\ \hline \end{tabular}
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