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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. Product Weedban Greengrow Selling price
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow. Product Weedban Greengrow Selling price per unit $ 10.00 $ 35.00 Variable expenses per unit $ 2.40 $ 12.00 Traceable fixed expenses per year $ 128,000 $ 43,000 Last year the company produced and sold 38,500 units of Weedban and 21,500 units of Greengrow. Its annual common fixed expenses are $102,000. Required: Prepare a contribution format income statement segmented by product lines. Product Lino Total Company Weedban Greengrow 0 0 0 0$ 0$ 0 $ 0
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