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3 Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] 8.33 points eBook Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and
3 Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] 8.33 points eBook Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost Information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 1e.ee $ 35.00 Variable expenses per unit $ 3.10 $ 14.00 Traceable fixed expenses per year $ 139, eee $ 48,eee Last year the company produced and sold 42,500 units of Weedban and 16,000 units of Greengrow. Its annual common fixed expenses are $95.000 Required: Prepare a contribution format Income statement segmented by product lines. Hint Print Product Line Total Weedban Company Greengrow 0 0 0 0 $ os 0 S 0
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