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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. Product Weedban Greengrow Selling price
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow. Product Weedban Greengrow Selling price per unit $ 10.00 $ 33.00 $ 3.00 Traceable fixed expenses per year $ 131,000 $ 14.00 $ 43,000 Variable expenses per unit Last year the company produced and sold 44,000 units of Weedban and 18,500 units of Greengrow. Its annual common fixed expenses are $110,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 $ 0 $ 0 $ 0
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