Question
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 | $ 9.00 | $ 33.00 | |
| Variable expenses per unit | $ 2.50 | $ 10.00 | |
| Traceable fixed expenses per year | $ 128,000 | $ 48,000 | |
Last year the company produced and sold 38,500 units of Weedban and 17,000 units of Greengrow. Its annual common fixed expenses are $98,000.
Required:
Prepare a contribution format income statement segmented by product lines.
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Management And Cost Accounting
Authors: Charles T. Horngren, Alnoor Bhimani, Srikant M. Datar, George Foster
1st Edition
0130805475, 978-0130805478
