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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
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 Traceable fixed expenses per year Product Weedban Greengrow $ 9.00 $ 37.00 $ 2.50 $ 13.00 $ 136,000 $ 45,000 Weedban Common fixed expenses in the company total $111,000 annually. Last year the company produced and sold 35,000 units and 24,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow
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