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:
| Product | |||
|---|---|---|---|
| Weedban | Greengrow | ||
| Selling price per unit | $ 11.00 | $ 38.00 | |
| Variable expenses per unit | $ 2.60 | $ 11.00 | |
| Traceable fixed expenses per year | $ 128,000 | $ 49,000 |
Last year the company produced and sold 36,000 units of Weedban and 17,500 units of Greengrow. Its annual common fixed expenses are $107,000.
Required:
Prepare a contribution format income statement segmented by product lines.
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