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 Weedban $ 12.00 $2.50 $ 132,000 Product Greengrow $31.00 $ 13.00 $ 39,000 Last year the company produced and sold 40,500 units of Weedban and 15,500 units of Greengrow. Its annual common fixed expenses are $114,000. Required: Prepare a contribution format income statement segmented by product lines. Total Company Product Line Weedban Greengrow

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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
Traceable fixed expenses per year
Weedban
$12.00
$2.50
$ 132,000
Required:
Prepare a contribution format in
Product
Greengrow
$ 31.00
$ 13.00
$ 39,000
Last year the company produced and sold 40,500 units of Weedban and 15,500 units of Greengrow. Its annual common fixed
expenses are $114,000.
statement segmented by product lines.
Total
Company
Product Line
Weedban
Greengrow
Transcribed Image Text: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 Weedban $12.00 $2.50 $ 132,000 Required: Prepare a contribution format in Product Greengrow $ 31.00 $ 13.00 $ 39,000 Last year the company produced and sold 40,500 units of Weedban and 15,500 units of Greengrow. Its annual common fixed expenses are $114,000. statement segmented by product lines. Total Company Product Line Weedban Greengrow
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