Create a contribution format income statement segmented

Reference no: EM131972066

Problem

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	$	30.00
Variable expenses per unit	$	2.70	$	14.00
Traceable fixed expenses per year	$	129,000	$	33,000

Common fixed expenses in the company total $114,000 annually. Last year the company produced and sold 37,500 units of Weedban and 22,500 units of Greengrow.

Prepare a contribution format income statement segmented by product lines.

Reference no: EM131972066

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