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 | $ | 35.00 |
Variable expenses per unit | $ | 2.50 | $ | 10.00 |
Traceable fixed expenses per year | $ | 133,000 | $ | 35,000 |
Last year the company produced and sold 40,500 units of Weedban and 19,000 units of Greengrow. Its annual common fixed expenses are $98,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Get Answers For Free
Most questions answered within 1 hours.