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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
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 Product Weedban Greengrow $ 11.00 $ 36.00 $ 2.60 $ 11.00 $ 130,000 $ 36,000 Traceable fixed expenses per year Common fixed expenses in the company total $99,000 annually. Last year the company produced and sold 39,000 units of Weedban and 18,500 units of Greengrow. 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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