Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information...
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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: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 11.00 $ 37.00 $ 2.40 $ 13.00 $ 136,000 $ 35,000 Last year the company produced and sold 38,000 units of Weedban and 17.000 units of Greengrow. Its annual common fixed expenses are $97,000. Required: Prepare a contribution format income statement segmented by product lines. Total Product Line Weedban Company Greengrow 0 0 0 0$ 0 $ 0 $ 0
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