Exercise 6-4 (Algo) Basic Segmented Income Statement [LO6-4]

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	$ 34.00
Variable expenses per unit	$ 2.20	$ 11.00
Traceable fixed expenses per year	$ 134,000	$ 47,000

Last year the company produced and sold 36,500 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $113,000.

Required:

Prepare a contribution format income statement segmented by product lines.

Required:

Prepare a contribution format income statement segmented by product lines.

Required:

Prepare a contribution format income statement segmented by product lines.

Required:

Prepare a contribution format income statement segmented by product lines.