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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 Selling price per unit
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow Product Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban Greengrow $10.00 38.00 $2.30 12.00 130,000 43,000 Common fixed expenses in the company total $100,000 annually. Last year the company produced and sold 38,000 units of Weedbarn and 19,000 units of Greengrow Required Prepare a contribution format income statement segmented by product lines. Product Line Total Compan Weedban Greengrow $ 102,000 380,000$ 722,000 228,000 494,000 ales ariable expenses 315,400 84,700 295,300 ribution margin raceable fixed expenses roduct line segment margin 786,600 786600 $ 295.300 $ 494,000 mmon fixed expenses not traceable to products et operating income S 786,600
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