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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 $ Product Weedban Greengrow 8.00 $ 32.00 Variable expenses per unit $ Traceable fixed expenses per year 2.60 $ 14.00 $136,000 $ 42,000 Common fixed expenses in the company total $107,000 annually. Last year the company produced and sold 35,000 units of Weedban and 20,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Woodban Greengrow
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