Royal Lawncare Company produces and sells two packaged products Weedban and Greengrow. Revenue and cost...
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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: Product Weedban Greengrow Selling price per unit $ 10.00 $ 37.00 Variable expenses per unit $ 3.10 $ 12.00 Traceable fixed expenses per year $ 132,000 $ 50,000 Last year the company produced and sold 43,500 units of Weedban and 19,500 units of Greengrow. Its annual common fixed expenses are $100.000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow
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