Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged...

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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: Product Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban Greengrow $ 9.00 $ 39.00 $ 2.70 $ 133,000 $ 15.00 $ 46,000 Last year the company produced and sold 35,500 units of Weedban and 24,500 units of Greengrow. Its annual common fixed expenses are $109,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income Product Line Total Weedban Greengrow Company 0 0 0 0 $ 0 $ 0 $ 0 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: Product Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban Greengrow $ 9.00 $ 39.00 $ 2.70 $ 133,000 $ 15.00 $ 46,000 Last year the company produced and sold 35,500 units of Weedban and 24,500 units of Greengrow. Its annual common fixed expenses are $109,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income Product Line Total Weedban Greengrow Company 0 0 0 0 $ 0 $ 0 $ 0