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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 | $ 6.00 | $ 7.50 | |
Variable expenses per unit | $ 2.40 | $ 5.25 | |
Traceable fixed expenses per year | $ 45,000 | $ 21,000 |
Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Its annual common fixed expenses are $33,000.
Required:
Prepare a contribution format income statement segmented by product lines.
**PLEASE FILL IN THE BLANKS OF THE ATTACHED IMAGE(CHART)**
Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 $ 0Step by Step Solution
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