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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 $ $ Product Weedban Greengrow 11.00 $ 37.00 Traceable fixed expenses per year $ 131,000 2.30 $ 11.00 $ 43,000 Common fixed expenses in the company total $110,000 annually. Last year the company produced and sold 38,000 units of Weedban and 15,500 units of Greengrow. 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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