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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 Variable expenses per unit Traceable fixed expenses per year 11.00 30.00 2.40 11.00 $ 35,000 129,000 Common fixed expenses in the company total $106,000 annually. Last year the company produced and sold 37,500 units of Weedban and 18,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company
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