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Exercise 6-4 Basic Segmented Income Statement (LO6-4] Royal Lawncare Company produces and sells two packaged productsWeedban 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 productsWeedban 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 $ 10.00 $ 32.00 $ 3.10 $ 12.00 $ 128,000 $ 38,000 ses per uniter year Common fixed expenses in the company total $114,000 annually. Last year the company produced and sold 41,000 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 Exercise 6-7 Segmented Income Statement (LO6-4] Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $810,000, 32%, and $16,200, respectively. The North Division's contribution margin and contribution margin ratio are $111,600 and 36%, respectively. The South Division's segment margin is $105,000. The company has $170,100 of common fixed expenses that cannot be traced to either division. Required: Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your percentage answers to 1 decimal place (i.e.1234 should be entered as 12.3).) Total Company Amount % North Amount Divisions South Amount % %
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