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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 $ 8.00 $ 32.00 Variable expenses per unit $ 2.80 $ 14.00 Traceable fixed expenses per year $ 133,000 $ 50,000 Common fixed expenses in the company total $97,000 annually. Last year the company produced and sold 35,500 units of Weedban and 20,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines.
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