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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 $ 10.00 $ 39.00 Variable expenses per unit $ 3.10 $ 11.00 Traceable fixed expenses per year $ 136,000 $ 41,000
Last year the company produced and sold 35,500 units of Weedban and 16,500 units of Greengrow. Its annual common fixed expenses are $103,000. Required:
Prepare a contribution format income statement segmented by product lines.
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