Question: Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to

Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4]

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 $ 35.00
Variable expenses per unit $ 2.70 $ 13.00
Traceable fixed expenses per year $ 129,000 $ 38,000

Last year the company produced and sold 44,500 units of Weedban and 18,000 units of Greengrow. Its annual common fixed expenses are $102,000.

Required:

Prepare a contribution format income statement segmented by product lines.

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