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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 to
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 Weedban Greengrow Selling price per unit $ 12.00 $ 30.00 Variable expenses per unit $ 2.80 $ 11.00 Traceable fixed expenses per year $ 129,000 $ 37,000 Last year the company produced and sold 36,000 units of Weedban and 19,500 units of Greengrow. Its annual common fixed expenses are $104,000. Required: Prepare a contribution format income statement segmented by product lines. Total Company Product Line Weedban Greengrow
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