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View History Bookmarks Window Hellp tion.com Help Save& Exit Submit pter 6 Exercises Check my work 4 Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow Produet Selling price per unit Variable expenses per unit Traceable fixed expenses per year .00 33.00 2-40 12.00 $ 135,000 $ 39,000 Common fixed expenses in the company total $112,000 annually. Last year the company produced and sold 41,000 units of Weedban and 21,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Total K Prev 4 of 5 Next

Explanation / Answer

Prepare contribution margin income statement :

Total company Weedban Greengrow Sales 1160500 451000 709500 Variable cost 356400 98400 258000 Contribution margin 804100 352600 451500 Fixed cost 174000 135000 39000 Segment margin 630100 217600 412500 Common expense 112000 Net operating income 518100

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