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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: $ 12.00 $ 35.00
Variable expenses per unit: $ 2.50 $ 14.00
Traceable fixed expenses per year: $ 129,000 $ 36,000
Last year the company produced and sold 43,500 units of Weedban and 23,000 units of Greengrow. Its annual common fixed expenses are $109,000.
Required: Prepare a contribution format income statement segmented by product lines.
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