Question: EXERCISE 6-4 Basic Segmented Income Statement [L06-4] Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating

EXERCISE 6-4 Basic Segmented Income Statement [L06-4] Royal Lawncare Company produces and

EXERCISE 6-4 Basic Segmented Income Statement [L06-4] 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.... ...x. Sales. $6.00 $7.50 Variable expenses per unit...N..C.. $2.40 $5.25 Traceable fixed expenses per year. $45,000 $21,000 Common fixed expenses in the company total $33,000 annually. Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines.

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