Question: 25 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

25 Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company

25 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 Weedban $ 9.00 Product Greengrow $35.00 $ 14.00 $ 48,000 $ 3.00 $ 133,000 Last year the company produced and sold 42,000 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $97,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow

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