Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating...
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Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban $ 11.00 $ 2.80 $ 133,000 Greengrow $ 36.00 $ 14.00 $ 49,000 Last year the company produced and sold 44,000 units of Weedban and 17,000 units of Greengrow. Its annual common fixed expenses are $99,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company Administrative expenses Advertising Beginning merchandise inventory Commissions 身 Common fixed expenses not traceable to products Depreciation Direct labor Direct materials Ending merchandise inventory Indirect labor Indirect materials Manufacturing overhead Purchases Sales Purchases Sales Selling expenses Traceable fixed expenses Variable expenses 身 Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban $ 11.00 $ 2.80 $ 133,000 Greengrow $ 36.00 $ 14.00 $ 49,000 Last year the company produced and sold 44,000 units of Weedban and 17,000 units of Greengrow. Its annual common fixed expenses are $99,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company Administrative expenses Advertising Beginning merchandise inventory Commissions 身 Common fixed expenses not traceable to products Depreciation Direct labor Direct materials Ending merchandise inventory Indirect labor Indirect materials Manufacturing overhead Purchases Sales Purchases Sales Selling expenses Traceable fixed expenses Variable expenses 身
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Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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