Please work out problems with formula .Thanks in Advance Royal Lawncare Company produces and...
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Please work out problems with formula .Thanks in Advance
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 $ 39.00 $ 2.40 $ 14.00 $ 134,000 $ 31,000 Last year the company produced and sold 41,500 units of Weedban and 17,500 units of Greengrow. Its annual common fixed expenses are $100,000. Required: Prepare a contribution format income statement segmented by product lines. Answer is complete but not entirely correct. Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income Product Line Total Weedban Company Greengrow $1,270,500 $ 315,000 X $ 955,500 X 427,000 X 84,000 X 343,000 X 843,500 231,000 612,500 174,000 X 130,000 X 44.000 x 669,500 $ 101,000 $ 568,500 101,000 X $ 568,500
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Please work out problems with formula .Thanks in Advance