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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 Traceable fixed expenses per year Product Weedban $ 8.00 Greengrow $38.00 $ 2.40 $ 134,000 $ 13.00 $ 39,000 Last year the company produced and sold 44,000 units of Weedban and 21,500 units of Greengrow. Its annual commor fixed expenses are $103,000. Required: Prepare a contribution format income statement segmented by product lines.
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