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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

$6.00

$7.50

Variable expenses per unit

$2.40

$5.25

Traceable fixed expenses per year

$45,000

$21,000

Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Its annual common fixed expenses are $33,000.

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

Reference no: EM133060498

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