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Chapter 7 Graded Homework 4 2.14 oints Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged products-Weedban
Chapter 7 Graded Homework 4 2.14 oints Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Skoped eBook Hint Print References Selling price per unit Product Weedban Greengrov $9.00 $38.00 Variable expenses per unit Traceable fixed expenses per year $ 2.70 $ 13.00 $136,000 $30,000 Last year the company produced and sold 41,500 units of Weedban and 17,500 units of Greengrow. Its annual common fixed expenses are $96,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 $ 0 $ $ 0
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