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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 $ $ 12.00 $ 38.00 2.30 $ 15.00 $ 129,000 $ 44,000 Traceable fixed expenses per year Common fixed expenses in the company total $101,000 annually. Last year the company produced and sold 36,000 units of Weedban and 20,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow
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