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Make a contribution format income statement segmented

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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                  $ 8.00            $ 39.00

Variable expenses per unit           $ 3.20            $ 14.00

Traceable fixed expenses per year    $ 136,000      $ 36,000

Last year the company produced and sold 38,500 units of Weedban and 23,500 units of Greengrow. Its annual common fixed expenses are $108,000.

Required:

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

Reference no: EM132956767

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