Revenue and cost information relating to the products

Assignment Help Accounting Basics

Reference no: EM133542272

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 $ 11.00 $ 31.00
Variable expenses per unit $ 2.60 $ 15.00
Traceable fixed expenses per year $ 134,000 $ 39,000
Last year the company produced and sold 38,000 units of Weedban and 19,500 units of Greengrow. Its annual common fixed expenses are $106,000.

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

Reference no: EM133542272

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