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4 Exercise -4 Basic Segmented Income Statement [L07-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to
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Exercise -4 Basic Segmented Income Statement [L07-4] 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 Product Weedban Greengrow $ 8.00 $ 40.00 $ 3.10 $ 13.00 $ 138,000 $ 41,000 Common fixed expenses in the company total $105,000 annually. Last year the company produced and sold 39,500 units of Weedban and 21500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines Product Line Total Company Weedban Greengrow Step by Step Solution
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