Please do not give solution in image format thanku Royal Lawncore Company produces and sells two packaged products-Weedban and Greengrow Revenue and cost informationrelating to the products follow:Selling price per unitVariable expenses per unitTraceable fixed expenses per yearProductWeedbanS 11.00$ 2.60$ 131,000Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 42,500 units of Weedbanand 19,000 units of GreengrowTotalCompany$Required:Prepare a contribution format income statement segmented by product lines.Greengrow$ 35.00$ 12.00$ 37,000Product Line00 $0Weedban Greengrow00 $00

The contribution margin is calculated as difference between sales and variable costs. The net income…

Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow Revenue and cost information relating to the products follow Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban 11.00 2.60 Greengrow $35.00 S $ $ 12.00 $ 131,000 $ 37,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 42,500 units of Weedban and 19.000 units of Greengrow Required: Prepare a contribution format income statement segmented by product lines.

Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow Revenue and cost information relating to the products follow Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban 11.00 2.60 Greengrow $35.00 S $ $ 12.00 $ 131,000 $ 37,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 42,500 units of Weedban and 19.000 units of Greengrow Required: Prepare a contribution format income statement segmented by product lines.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1PA: A company sells small motors as a component part to automobiles. The Model 101 motor sells for $850...

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