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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 Weedban Greengrow $
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost Information relating to the products follow. Product Weedban Greengrow $ 9.00 $ 37.00 Selling price per unit Variable expenses per unit $ 2.60 $ 13.00 Traceable fixed expenses per year $137,000 $47,000 Common fixed expenses in the company total $97,000 annually. Last year the company produced and sold 40,000 units of Weedban and 19,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow
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