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 $9.00 $ 2.40 $ 128,000 Product Greengrow $ 30.00 $14.00 $ 30,000 Last year the company produced and sold 36,500 units of Weedban and 17,000 units of Greengrow. Its annual common fixed expenses are $105,000. Required: Prepare a contribution format income statement segmented by product lines. Total Company $ 0 Product Line Weedban 0 $ 10 0 Greengrow 0 $ 0 0

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.