Question: earch term Exercise 6-4 (Algo) Basic Segmented Income Statement [LO6-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information
Exercise 6-4 (Algo) Basic Segmented Income Statement (LO6-4) Royal Lawncare Company produces and sells two packaged products Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $10.00 $39.00 Variable expenses per unit $ 3.00 $ 13.00 Traceable fixed expenses per year $ 132,000 $ 40,000 Last year the company produced and sold 43,000 units of Weedban and 24,500 units of Greengrow. Its annual common fixed expenses are $105,000 Required: Prepare a contribution format income statement segmented by product lines Product Line Total Weedban Company Greengrow 0 0 0 Sales Variable expenses Contribution margin raceable foxed expenses Product line segment margin Common tuxed expensers not traceable to products Net operating income os 05 0 5 0
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