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Make a contribution format income statement segmented

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Reference no: EM132536334

Basic Segmented Income Statement

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                            $6.00      $7.50

Variable expenses per unit                    $2.40           $5.25

Traceable fixed expenses per year            $45,000      $21,000

Common fixed expenses in the company total $33,000 annually. Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow.

Required:

Question 1: Prepare a contribution format income statement segmented by product lines.

Reference no: EM132536334

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