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Royal Lawncare produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling
Royal Lawncare 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 $ 6.00 $ 7.50 $ Traceable fixed expenses per year $ 2.40 $ 45,000.00 5.25 $21,000.00 Common fixed expenses in the company total $33,000 annually. Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Required: Prepare a contribution format income statement for the year, segmented by product lines.
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