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Exercise 6-4 (Algo) Basic Segmented Income Statement [LO6-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating
Exercise 6-4 (Algo) Basic Segmented Income Statement [LO6-4] 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 $ 10.00 $ 2.80 $ 137,000 Greengrow $ 33.00 $ 12.00 $ 45,000 Last year the company produced and sold 42,000 units of Weedban and 20,000 units of Greengrow. Its annual common fixed expenses are $113,000. Required: Prepare a contribution format income statement segmented by product lines. Total Company Product Line Weedban Greengrow 0 0 0 0 $ 0 $ 0 $ 0
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