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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 | $ 8.00 | $ 38.00 | |
Variable expenses per unit | $ 2.30 | $ 13.00 | |
Traceable fixed expenses per year | $ 135,000 | $ 42,000 |
Last year the company produced and sold 42,500 units of Weedban and 17,000 units of Greengrow. Its annual common fixed expenses are $113,000.
Required:
Prepare a contribution format income statement segmented by product lines.
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