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Exercise 4-4 (Algo) Basic Segmented Income Statement [LO4-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating
Exercise 4-4 (Algo) Basic Segmented Income Statement [LO4-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Selling price per unit Weedban $ 9.00 Greengrow $ 36.00 Variable expenses per unit $ 2.40 $ 10.00 Traceable fixed expenses per year $ 134,000 $ 41,000 Last year the company produced and sold 35,000 units of Weedban and 16,000 units of Greengrow. Its annual common fixed expenses are $100,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Product line segment margin Net operating income Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 S 0
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