Question
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 $ 9.00 Greengrow $37.00 $ 3.00 $ 130,000 $ 12.00 $ 33,000 Last year the company produced and sold 41,000 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $102,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Company Greengrow 0 0 0 0 $ 0 $ 0 $ 0
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