Question: Exercise 7-4 Basic Segmented Income Statement (LO7-4) 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 (LO7-4) 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 $10.00 $ 30.00 $ 2.80 $10.00 $ 132,000 48,000 Common fixed expenses in the company total $104,000 annually. Last year the company produced and sold 38.000 units of Weedban and 17,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 OS 05 0
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