Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating...
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Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow $ 30.00 Selling price per unit Variable expenses per unit Traceable fixed expenses per year $ 11.00 2$ 2.80 $ 14.00 $ 134,000 $ 48,000 Last year the company produced and sold 39,000 units of Weedban and 24,500 units of Greengrow. Its annual common fixed exp are $113,000. Required: Prepare a contribution format income statement segmented by product lines. X Answer is not complete. Product Line Total Company Weedban Greengrow Sales $1,109,500 $ 43,500 2$ 675,000 Variable expenses 425,600 110,600 315,000 683,900 (67,100) 360,000 Traceable fixed expenses 170,000 X 134,000 48,000 2$ Product line segment margin 2$ (201,100) 513,900 312,000 Common fixed expenses not traceable to products 103,000 X Net operating income $ 410,900 Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow $ 30.00 Selling price per unit Variable expenses per unit Traceable fixed expenses per year $ 11.00 2$ 2.80 $ 14.00 $ 134,000 $ 48,000 Last year the company produced and sold 39,000 units of Weedban and 24,500 units of Greengrow. Its annual common fixed exp are $113,000. Required: Prepare a contribution format income statement segmented by product lines. X Answer is not complete. Product Line Total Company Weedban Greengrow Sales $1,109,500 $ 43,500 2$ 675,000 Variable expenses 425,600 110,600 315,000 683,900 (67,100) 360,000 Traceable fixed expenses 170,000 X 134,000 48,000 2$ Product line segment margin 2$ (201,100) 513,900 312,000 Common fixed expenses not traceable to products 103,000 X Net operating income $ 410,900
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Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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