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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 Woedban Greengrow Selling price per unit $11.00 $ 35.00 Variable expenses per unit $ 2.40 $ 14.00 Traceable fixed expenses per year $ 129,000 $ 36,000 Last year the company produced and sold 36,500 units of Weedban and 23,000 units of Greengrow. Its annual common fixed expenses are $110,000 Required: Prepare a contribution format income statement segmented by product lines, Product Lina Total Company Weedban Grangrow 0 0 0 $ 0 $ 0 0
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