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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 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 $ 11.00 $38.00 $ 2.50 $13.00 $128,000 $ 42,000 Last year the company produced and sold 41,000 units of Weedban and 18,000 units of Greengrow. Its annual common fixed expenses are $107,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 O 0 $ 0 $ 0
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