Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information...
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Accounting
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrov $ 12.00 $ 37.00 $ 2.80 $ 10.00 $ 137,000 $ 39,000 Common fixed expenses in the company total $97,000 annually. Last year the company produced and sold 42.000 units of Weedban and 18,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Weedban Total Company Greengrow 0 0 Variable expenses Contribution margin Traceable foxed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income 0 0 $ 0
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