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Exercise 7-4 (Algo) Basic Segmented Income Statement (L07-4) Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to
Exercise 7-4 (Algo) Basic Segmented Income Statement (L07-4) 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 $ 38.00 Variable expenses per unit $ 2.50 $ 14.00 Traceable fixed expenses per year $ 132,000 $ 40,000 Last year the company produced and sold 40,500 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $111.000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 0$ 0 $ 0 S 0
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