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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 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: Product Selling price per unit Weedban $ 8.00 Greengrow $ 34.00 Variable expenses per unit Traceable fixed expenses per year $ 2.90 $ 135,000 $ 11.00 $ 32,000 Last year the company produced and sold 38,500 units of Weedban and 16,000 units of Greengrow. Its annual common fixed expenses are $96,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow
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