Royal Lawncare Company producos nd sall hwo packangod producte, Woodban and Cree

Question

Royal Lawncare Company producos nd sall hwo packangod producte, Woodban and Creengrow. and cost information relating to the products follow Selling price per unit Variable expenses per unit Traceable foxed expenses per year 45,000 21,000 6.00 $ 7.50 $ 2.40 5.25 Common Exed expenses in the company total $33,000 annually. Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow Required: Prepare a contribution format income statement segmented by product lines Total Weedban Gree

Explanation / Answer

Total Company Weedban Greengrow Sales ( Units * Selling Price Per Unit) 3,00,000 90,000 2,10,000 Variable Expense 1,83,000 36,000 1,47,000 Contribution Margin 1,17,000 54,000 63,000 Traceable Fixed Expenses 66,000 45,000 21000 Segment Margin 51,000 9,000 42,000 Common Fixed Expenses 33,000 Net Operating Income 18,000

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