Question
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
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 Variable expenses per unit Traceable fixed expenses per year $ 8.00 $ 33.00 $ 2.90 $ 12.00 $ 130,000 $ 45,000 Common fixed expenses in the company total $95,000 annually. Last year the company produced and sold 37,500 units of Weedban and 20,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines.
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