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Prepare a contribution format income statement segmented

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

Reference no: EM133037539

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