Question
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 Variable expenses per unit $ 11.00 $ 30.00 $ Traceable fixed expenses per year $ 130,000 3.00 $ 14.00 $ 41,000 Last year the company produced and sold 37,000 units of Weedban and 15,000 units of Greengrow. Its annual common fixed expenses are $106,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 $ 0 $ 0 $ 0
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