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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 $11.00 $ 32.00
Variable expenses per unit $3.10 $14.00
Traceable fixed expenses per year $132,000 $36,000
Common fixed expenses in the company total $105,000 annually. Last year the company produced and sold 44,000 units of Weedban and 22,500 units of Greengrow.
Prepare a contribution format income statement segmented by product lines.
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