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Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow: ProductWeedbanGreengrowSelling price per unit$6.00$7.50Variable expenses
Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow:
ProductWeedbanGreengrowSelling price per unit$6.00$7.50Variable expenses per unit$2.40$5.25Traceable fixed expenses per year$45,000$21,000
Common fixed expenses in the company total $33,000 annually. Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow.
Prepare a contribution format income statement segmented by product lines.
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