Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost...
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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 per unit $ 11.00 $ 33.00 Variable expenses per unit $ 2.50 $ 14.00 Traceable fixed expenses per year $ 136,000 $ 39,000 Common fixed expenses in the company total $110,000 annually. Last year the company produced and sold 38,000 units of Weedban and 16,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines.
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