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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 $ 39.00 Variable expenses per unit $ 2.30 $ 12.00 Traceable fixed expenses per year $ 129,000 $ 47,000 Last year the company produced and sold 41,500 units of Weedban and 19,500 units of Greengrow. Its annual common fixed expenses are $95,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow
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