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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 35.00 Selling
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow 35.00 Selling price per unit Variable expenses per unit Traceable fixed expenses per year 8.00 $ 11.00 $ 40,000 $ 2.60 $ 136,000 Common fixed expenses in the company total $98,000 annually. Last year the company produced and sold 39,000 units of Weedban and 20,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company
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