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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
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 $ 34.00 Traceable fixed expenses per year $ 3.00 $ 138,000 $ 12.00 $ 43,000 Variable expenses per unit Last year the company produced and sold 40,000 units of Weedban and 19,500 units of Greengrow. Its annual common fixed expenses are $108,000. 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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