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 $36.00 Variable expenses per unit . . . . . . . . . . . . . . . . . . $2.60 $12.00 Traceable fixed expenses per year . . . . . . . . . . . . $128,000 $42,000 Common fixed expenses in the company total $109,000 annually. Last year the company produced and sold 44.500 units of Weedban and 20,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Total Company Weedban Greengow Sales Variable expenses Contribution margin 0 0 0 Traceable fixed expenses Product line segment margin 0 0$ 0$ Common fixed expenses not traceable to products no answer no answer Net operating income
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 $36.00
Variable expenses per unit . . . . . . . . . . . . . . . . . . $2.60 $12.00
Traceable fixed expenses per year . . . . . . . . . . . . $128,000 $42,000
Common fixed expenses in the company total $109,000 annually. Last year the company produced and sold 44.500 units of Weedban and 20,000 units of Greengrow.
Required:
Prepare a contribution format income statement segmented by product lines.
| Total Company | Weedban | Greengow | |
| Sales | |||
| Variable expenses | |||
| Contribution margin | 0 | 0 | 0 |
| Traceable fixed expenses | |||
| Product line segment margin | 0 | 0$ | 0$ |
| Common fixed expenses not traceable to products | no answer | no answer | |
| Net operating income | 0$ | no answer | no answer |
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