Exercise 6-4 (Algo) 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: Product Selling price per unit Weedban $ 10.00 Greengrow $ 35.00 Variable expenses per unit $ 2.90 $ 10.00 Traceable fixed expenses per year $ 134,000 $ 30,000 Last year the company produced and sold 35,500 units of Weedban and 24,000 units of Greengrow. Its annual common fixed expenses are $109,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 $ 0
Exercise 6-4 (Algo) 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: Product Selling price per unit Weedban $ 10.00 Greengrow $ 35.00 Variable expenses per unit $ 2.90 $ 10.00 Traceable fixed expenses per year $ 134,000 $ 30,000 Last year the company produced and sold 35,500 units of Weedban and 24,000 units of Greengrow. Its annual common fixed expenses are $109,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 $ 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 6-4 (Algo) 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: Last year the company produced and sold 35,500 units of Weedban and 24,000 units of Greengrow. Its annual common fixed expenses are $109,000. Required: Prepare a contribution format income statement segmented by product lines.
![Exercise 6-4 (Algo) 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:
Product
Selling price per unit
Weedban
$ 10.00
Greengrow
$ 35.00
Variable expenses per unit
$ 2.90
$ 10.00
Traceable fixed expenses per year
$ 134,000
$ 30,000
Last year the company produced and sold 35,500 units of Weedban and 24,000 units of Greengrow. Its annual common fixed
expenses are $109,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Product Line
Total
Company
Weedban
Greengrow
ᏌᏊ
$
0
0
0
0 $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8cf7eb1b-f296-41b9-8fd4-47448748b44d%2F51f0e16a-ffb4-471c-9570-c8636ce037be%2Fspop1an_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 6-4 (Algo) 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:
Product
Selling price per unit
Weedban
$ 10.00
Greengrow
$ 35.00
Variable expenses per unit
$ 2.90
$ 10.00
Traceable fixed expenses per year
$ 134,000
$ 30,000
Last year the company produced and sold 35,500 units of Weedban and 24,000 units of Greengrow. Its annual common fixed
expenses are $109,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Product Line
Total
Company
Weedban
Greengrow
ᏌᏊ
$
0
0
0
0 $
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