Royal Lawncare Company produces and sells two packaged products$$Weed ban and Green grow. Revenue and cost information relating to the products follow:

Product

Weed ban Green grow

Selling price per unit $ $11\mathrm{.}00$ $ $30\mathrm{.}00$

Variable expenses per unit $ $2\mathrm{.}30$ $ $14\mathrm{.}00$

Traceable fixed expenses per year $ $132,000$ $ $34,000$

Last year the company produced and sold $43,500$ units of Weed ban and $24,000$ units of Green grow. Its annual common fixed expenses are $$111,000.$

Required:

Prepare a contribution format income statement segmented by product lines.

Answer rating: 100% (QA)

Based on the given information we can prepare a contribution format income statement segmented by th... View the full answer