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. Need the numbers only Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow:
. Need the numbers only
Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow:
Product | ||||
Weedban | Greengrow | |||
Selling price per unit | $ | 10.00 | $ | 35.00 |
Variable expenses per unit | $ | 2.30 | $ | 11.00 |
Traceable fixed expenses per year | $ | 135,000 | $ | 33,000 |
Common fixed expenses in the company total $102,000 annually. Last year the company produced and sold 44,500 units of Weedban and 19,000 units of Greengrow.
Required:
Prepare a contribution format income statement segmented by product lines.
Exercise 7-4 Basic Segmented Income Statement [LO7-4) Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 10.00 $ 35.00 $ 2.30 $ 11.00 $ 135,000 $ 33,000 Common fixed expenses in the company total $102,000 annually. Last year the company produced and sold 44,5 and 19,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Answer is not complete. Product Line Total Company Weedban Greengrow 0 0 Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income 0 S 0 IS 0Step by Step Solution
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