Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost Information relating...
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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 Product Weedban Greengrow $ 10.00 $ 34.00 $ 2.50 $ 130,000 $ 13.00 $ 31,000 Traceable fixed expenses per year Last year the company produced and sold 43,000 units of Weedban and 25,000 units of Greengrow. Its annual common fixed expenses are $109,000. Required: Prepare a contribution format Income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 S 0 S 0 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 Product Weedban Greengrow $ 10.00 $ 34.00 $ 2.50 $ 130,000 $ 13.00 $ 31,000 Traceable fixed expenses per year Last year the company produced and sold 43,000 units of Weedban and 25,000 units of Greengrow. Its annual common fixed expenses are $109,000. Required: Prepare a contribution format Income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 S 0 S 0
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