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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 Weedban Greengrow Selling price
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost Information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 10.80 $ 35.00 Variable expenses per unit $ 3.80 $ 10.00 Traceable fixed expenses per year $ 138, 080 $ 46,090 Last year the company produced and sold 35,500 units of Weedban and 22,000 units of Greengrow. Its annual common fixed expenses are $97,000. Required: Prepare a contribution format Income statement segmented by product lines. Product Line Total Weedban Company Greengrow
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