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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 | $ 12.00 | $ 31.00 | |
Variable expenses per unit | $ 2.40 | $ 10.00 | |
Traceable fixed expenses per year | $ 132,000 | $ 33,000 |
Last year the company produced and sold 43,000 units of Weedban and 18,000 units of Greengrow. Its annual common fixed expenses are $102,000.
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 $ 12.00 $ 31.00 $ 2.40 $ 10.00 $ 132,000 $ 33,000 Last year the company produced and sold 43,000 units of Weedban and 18,000 units of Greengrow. Its annual common fixed expenses are $102,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 $ 0
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