Question: Exercise 6-4 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
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Exercise 6-4 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: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 6.00 $ 7.50 $ 2.40 $ 5.25 $ 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. Product Line Total Company Weedban Greengrow
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