Question: 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
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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: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 10.00 $ 39.00 $ 2.30 $ 11.00 $ 137,000 $ 42,000 Last year the company produced and sold 35,000 units of Weedban and 16,000 units of Greengrow. Its annual common fixed expenses are $98,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow Sales X This is a numeric cell, so please enter numbers only. Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income 0 $ 0 $ 0 $ 0
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