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Prepare a contribution format income statement segmented

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Reference no: EM132955609

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: EM132955609

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