Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost infor relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban $11.00 $ 3.00 $ 130,000 Greengrow $39.00 $ 13.00 $ 40,000 Last year the company produced and sold 41,000 units of Weedban and 22,000 units of Greengrow. Its annual common fix expenses are $114,000. Required: Prepare a contribution format income statement segmented by product lines. $ Total Company 0 Product Line Weedban 0 $ 0 Greengrow 0 $ 0 0

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Chapter1: Financial Statements And Business Decisions
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Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4]
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost infor
relating to the products follow:
Selling price per unit
Variable expenses per unit
Traceable fixed expenses per year
Product
Weedban
$11.00
$ 3.00
$ 130,000
Greengrow
$39.00
$ 13.00
$ 40,000
Last year the company produced and sold 41,000 units of Weedban and 22,000 units of Greengrow. Its annual common fix
expenses are $114,000.
Required:
Prepare a contribution format income statement segmented by product lines.
$
Total
Company
0
Product Line
Weedban
0 $
0
Greengrow
0 $
0
0
Transcribed Image Text:Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost infor relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban $11.00 $ 3.00 $ 130,000 Greengrow $39.00 $ 13.00 $ 40,000 Last year the company produced and sold 41,000 units of Weedban and 22,000 units of Greengrow. Its annual common fix expenses are $114,000. Required: Prepare a contribution format income statement segmented by product lines. $ Total Company 0 Product Line Weedban 0 $ 0 Greengrow 0 $ 0 0
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