Question: Exercise 7-4 Basic Segmented Income Statement [L07-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the
Exercise 7-4 Basic Segmented Income Statement [L07-4] 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 $ 11.00 $38.00 $ 3.10 $ 11.00 $ 130,000 $ 45,000 Common fixed expenses in the company total $103,000 annually. Last year the company produced and sold 42,000 units of Weedban and 22.500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines Total Company Product Line Weedban Greengrow 0 0 0 . 0 $ 0 $ D 5 0
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