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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: Selling price per unit Variable
Royal Lawncare Company produces and sells two packaged products--Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 9.00 $ 37.00 $ 3.20 $ 13.00 $ 134,000 $ 45,000 Last year the company produced and sold 36,500 units of Weedban and 18,000 units of Greengrow. Its annual common fixed expenses are $103,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin 0 0 0$ 0 $ 0
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