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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 | $ 12.00 | $ 38.00 | |
Variable expenses per unit | $ 2.40 | $ 10.00 | |
Traceable fixed expenses per year | $ 138,000 | $ 45,000 |
Last year the company produced and sold 39,500 units of Weedban and 21,000 units of Greengrow. Its annual common fixed expenses are $96,000.
Required:
Prepare a contribution format income statement segmented by product lines.
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