Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating...
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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 Selling price per unit Weedban $ 9.00 Greengrow $ 32.00 Variable expenses per unit Traceable fixed expenses per year $ 2.40 $ 134,000 $ 12.00 $ 49,000 Last year the company produced and sold 41,500 units of Weedban and 22,500 units of Greengrow. Its annual common fixed expenses are $97,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Traceable fixed expenses Product Line Total Company Weedban Greengrow 0 0 0 Product line segment margin 0 0 $ 0 Common fixed expenses not traceable to products Net operating income 0 Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Selling price per unit Weedban $ 9.00 Greengrow $ 32.00 Variable expenses per unit Traceable fixed expenses per year $ 2.40 $ 134,000 $ 12.00 $ 49,000 Last year the company produced and sold 41,500 units of Weedban and 22,500 units of Greengrow. Its annual common fixed expenses are $97,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Traceable fixed expenses Product Line Total Company Weedban Greengrow 0 0 0 Product line segment margin 0 0 $ 0 Common fixed expenses not traceable to products Net operating income 0
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