Question
tes 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
tes 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: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban $ 11.00 $ 2.60 Greengrow $ 39.00 13.00 $ 131,000 $ 38,000 Last year the company produced and sold 44,500 units of Weedban and 20,500 units of Greengrow. It annual common fixed expenses are $113,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow +
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