Contribution format income statement segmented product line

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Reference no: EM13813390

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 $ 11.00 $ 31.00

Variable expenses per unit $ 2.90 $ 14.00

Traceable fixed expenses per year $ 129,000 $ 47,000

Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 35,500 units of Weed ban and 22,000 units of Green grow.

Required:

Prepare a contribution format income statement segmented by product lines.

Reference no: EM13813390

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