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Exercise 5-4 Basic Segmented Income Statement LO5-4] Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating to
Exercise 5-4 Basic Segmented Income Statement LO5-4] 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 Variable expenses per unit Traceable fixed expenses per year weedban Greengrow $11.00 34.00 2.40 14.00 $ 138,000 44,000 Common fixed expenses in the company total $102,000 annually. Last year the company produced and sold 35,500 units of Weedban and 19,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Co Weedban Greengrow
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