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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 $ 12.80 $ 35.00 $ 3.80 $ 11.00 $ 138,280 $ 43,000 Last year the company produced and sold 42,000 units of Weedban and 19,000 units of Greengrow. Its annual common fixed expenses are $115,000. Required: Prepare a contribution format Income statement segmented by product lines. Product Line Total Company Weedban Greengrow
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