Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information...
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Accounting
Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow:
Common fixed expenses in the company total $111,000 annually. Last year the company produced and sold 41,000 units of Weedban and 16,500 units of Greengrow.
Required:
Prepare a contribution format income statement segmented by product lines.
Selling price per unit Variable expenses per unit Traceable fixed expenses per year A A A Product Weedban Greengrow $ 8.00 $ 30.00 $ 2.70 $ 14.00 $ 133,000 $ 33,000 Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 $ 0
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