Question
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
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 Product Weedban $ 11.00 $ 2.70 $ 133,000 Greengrow $ 36.00 $ 13.00 $ 47,000 Traceable fixed expenses per year Last year the company produced and sold 38,000 units of Weedban and 19,500 units of Greengrow. Its annual common fixed expenses are $101,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 $ 0
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