Question: aded Homework i Saved Help Save & Exit Submit Check my work Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and
aded Homework i Saved Help Save & Exit Submit Check my work 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 $ 9.00 $ 32.00 $ 2.80 $ 12.00 $ 133,000 $ 47,000 Common fixed expenses in the company total $110,000 annually. Last year the company produced and sold 36,000 units of Weedban and 15,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company 9 $ 36,000 $ 32 3 36,000 12 6 0 20 Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income 6 $ 0
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