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THREE Chapter 7-Homework Saved Help Exercise 7-4 Basic Segmented Income Statement [LO7-4) Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and
THREE Chapter 7-Homework Saved Help 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: 5 Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 9.00 $ 32.00 $ 2.60 $ 13.00 $ 128,000 $ 43,000 $ Common fixed expenses in the company total $102,000 annually. Last year the company produced and sold 36,500 units of Weedban and 17,000 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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