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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. Product Weedban Greengrow Selling price
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow. Product Weedban Greengrow Selling price per unit $ 8.00 $ 34.00 Variable expenses per unit 5.2.20 $ 11.00 Traceable fixed expenses per year $ 129,000 $ 39,000 Last year the company produced and sold 39,500 units of Weedban and 20,500 units of Greengrow. its annual common fixed expenses are $111.000. Required: Prepare a contribution format Income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income 0 $ 0 $ 0 S 0
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