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EXERCISE 11-1 Basic Segmented Income Statement [LOI ] Royal Lawncare produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating to
EXERCISE 11-1 Basic Segmented Income Statement [LOI ] Royal Lawncare produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban S 6.00 S 2.40 $45,000 Greengrow S 7.50 S 5.25 $21,000 Common fixed expenses in the company total $33,000 annually. Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Required: Prepare a contribution format income statement for the year, segmented by product lines
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