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 $ 9.00 Greengrow $ 35.00 Variable expenses per unit $ 3.10 Traceable fixed expenses per year $ 132,000 $ 10.00 $ 41,000 Last year the company produced and sold 38,500 units of Weedban and 18,500 units of Greengrow. Its annual common fixed expenses are $108,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 Common fixed expenses not traceable to products Net operating income $ 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 $ 9.00 Greengrow $ 35.00 Variable expenses per unit $ 3.10 Traceable fixed expenses per year $ 132,000 $ 10.00 $ 41,000 Last year the company produced and sold 38,500 units of Weedban and 18,500 units of Greengrow. Its annual common fixed expenses are $108,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 Common fixed expenses not traceable to products Net operating income $ 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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:
Product
Selling price per unit
Weedban
$ 9.00
Greengrow
$ 35.00
$ 3.10
$ 10.00
Traceable fixed expenses per year
$ 132,000
$ 41,000
Variable expenses per unit
Last year the company produced and sold 38,500 units of Weedban and 18,500 units of Greengrow. Its annual common fixed
expenses are $108,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Sales
Variable expenses
Contribution margin
Traceable fixed expenses
Product line segment margin
Product Line
Total
Weedban
Company
Greengrow
0
0
0
0 $
0
$
0
Common fixed expenses not traceable to products
Net operating income
$
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff78b36f6-74c7-4cfb-bc5e-460c490f1f67%2Fb88320f5-6d17-4caa-8f76-5af95060c722%2F1757e7n_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
$ 9.00
Greengrow
$ 35.00
$ 3.10
$ 10.00
Traceable fixed expenses per year
$ 132,000
$ 41,000
Variable expenses per unit
Last year the company produced and sold 38,500 units of Weedban and 18,500 units of Greengrow. Its annual common fixed
expenses are $108,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Sales
Variable expenses
Contribution margin
Traceable fixed expenses
Product line segment margin
Product Line
Total
Weedban
Company
Greengrow
0
0
0
0 $
0
$
0
Common fixed expenses not traceable to products
Net operating income
$
0
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