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Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price
Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 9.00 $ 36.00 Variable expenses per unit $ 2.70 $ 11.00 Traceable fixed expenses per year $ 128,000 $ 35,000 Last year the company produced and sold 38,000 units of Weedban and 15,500 units of Greengrow. Its annual common fixed expenses are $113,000. Required: Prepare a contribution format income statement segmented by product lines.
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