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Exercise 7-4 Basic Segmented Income Statement [LO7-4) Royal Lawncare Company produces and sells two packaged productsWeedban 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 productsWeedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 9.00 $ 32.00 $ 2.30 $ 12.00 $ 128,000 $ 46,000 Common fixed expenses in the company total $101,000 annually. Last year the company produced and sold 40,500 units of Weedban and 15,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 $ 0
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