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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 $ 33.00 Variable expenses per unit $ 2.80 $ 12.00 Traceable fixed expenses per year $ 129,000 $ 40,000 Common fixed expenses in the company total $100,000 annually. Last year the company produced and sold 45,000 units of Weedban and 18,000 units of Greengrow.
Required: Prepare a contribution format Income statement segmented by product lines. Product Line Total Company Weedban GreengrowStep by Step Solution
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