Question
Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price
Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow:
| Product | |||
|---|---|---|---|
| Weedban | Greengrow | ||
| Selling price per unit | $ 8.00 | $ 35.00 | |
| Variable expenses per unit | $ 2.30 | $ 13.00 | |
| Traceable fixed expenses per year | $ 131,000 | $ 36,000 | |
Last year the company produced and sold 36,000 units of Weedban and 24,500 units of Greengrow. Its annual common fixed expenses are $105,000.
Required:
Prepare a contribution format income statement segmented by product lines.
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th edition
978-0133851151, 013385115X, 978-0133866889
