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Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating

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Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] 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 Weedban $ 10.00 Product Greengrow $39.00 $ 14.00 $ 37,000 $ 3.10 $ 137,000 Last year the company produced and sold 37,500 units of Weedban and 15,000 units of Greengrow. Its annual common fixed expenses are $113,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban: Greengrow 0 0 0 $ 05 0 4

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