Question
Exercise 6-4 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 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: Selling price per unit Variable expenses per unit Product Weedban $ 9.00 $ 2.90 Greengrow $ 32.00 $10.00 $ 39,000 Traceable fixed expenses per year $ 133,000 Common fixed expenses in the company total $106,000 annually. Last year the company produced and sold 43,500 units of Weedban and 20,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow.
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