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Honeyville Hardware produces and sells two products for professional landscapers: shovels and rakes....

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Accounting

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Honeyville Hardware produces and sells two products for professional landscapers: shovels and rakes. Revenue and cost information relating to the products follow: Product ShovelsRakes $10.00 $21.00 6.50 12.00 8,000 25,000 Selling price per unit Variable expenses per unit Traceable fixed expenses per year Common fixed expenses in the company total $15,000 annually. Last year the company produced and sold 3,500 shovels and 5,000 rakes. Required: Prepare a contribution format income statement for the vear, segmented bv product lines Total Shovels Rakes

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