Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information elating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban $11.00 $ 2.70 $ 135,000 Product Greengrow $36.00 $11.00 $ 43,000 Last year the company produced and sold 43,000 units of Weedban and 21,500 units of Greengrow. Its annual common fixed expenses are $111.000. Required: Prepare a contribution format income statement segmented by product lines. Total Company $ Product Line 0 Weedban 0$ 0 0 Greengrow 0$ 0 0

The Contribution margin is calculated as the difference between sales and variable expense. The…

Answered: Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information elating to the products follow: Selling…

FINANCIAL ACCOUNTING

10th Edition

ISBN: 9781259964947

Author: Libby

Publisher: MCG

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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies wh…

Question

Please help me.

Thankyou.

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.
Weedban
$11.00
$2.70
$ 135,000
Product
Greengrow
$36.00
$11.00
$ 43,000
Last year the company produced and sold 43,000 units of Weedban and 21,500 units of Greengrow. Its annual common fixed
expenses are $111.000.
Required:
Prepare a contribution format income statement segmented by product lines.
Total
Company
$
Product Line
Weedban
0
0 $
0
0
Greengrow
0$
0
0

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