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EXERCISE 7-4 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
EXERCISE 7-4 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 Weedban Greengrow $6.00 7.50 2.40 $5.25 Selling price per unit Variable expenses per unit Traceable fixed expenses per year $45,000 $21,000 Common fixed expenses in the company total $33,000 annually. Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow Required. Prepare a contribution format income statement segmented by product lines
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