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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: Selling price per unit Variable
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 10.00 $ 33.00 $ 2.30 $ 14.00 $ 130,000 $ 34,000 Last year the company produced and sold 37,000 units of Weedban and 22,500 units of Greengrow. Its annual common fixed expenses are $99,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Company Greengrow 0 0 0 0 $ 0 $ 0 $ 0
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