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Prepare a contribution format income statement segmented

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Reference no: EM132502383

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 12.00 $ 34.00 $
Variable expenses per unit $ 3.20 $ 15.00
Traceable fixed expenses per year $ 130,000 $ 44,000
Common ?xed expenses in the company total $96,000 annually.

Last year the company produced and sold 43,000 units of Weedban and 23,500 units of Greengrow.

Required:

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

Reference no: EM132502383

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