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 | $ | 11.00 | $ | 40.00 |
| Variable expenses per unit | $ | 3.00 | $ | 11.00 |
| Traceable fixed expenses per year | $ | 130,000 | $ | 42,000 |
Common fixed expenses in the company total $107,000 annually. Last year the company produced and sold 43,000 units of Weedban and 24,000 units of Greengrow.
Required:
Prepare a contribution format income statement segmented by product lines.
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Authors: Germain Boer, Debra Jeter
5th Edition
0759341559, 978-0759341555
