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ht r EXERCISE 6-4 Basic Segmented Income Statement [L06-4] Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information
ht r EXERCISE 6-4 Basic Segmented Income Statement [L06-4] 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 $6.00 Product $2.40 $45,000 Greengrow $7.50 $5.25 $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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