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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 $ 10.00 $ 3.00 $ 131,000 Greengrow $ 37.00 $ 11.00 $ 30,000 Traceable fixed expenses per year Last year the company produced and sold 37,500 units of Weedban and 18,000 units of Greengrow. Its annual common fixed expenses are $115,000 Required: Prepare a contribution format income statement segmented by product lines.
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