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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 informati 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 informati relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 10.00 $ 30.00 $ 2.70 $ 11.00 $ 138,000 $ 31,000 Last year the company produced and sold 35,500 units of Weedban and 16,000 units of Greengrow. Its annual common fixed expenses are $102,000. 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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