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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 Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban 11.00 2.60 Greengrow $35.00 S $ $ 12.00 $ 131,000 $ 37,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 42,500 units of Weedban and 19.000 units of Greengrow Required: Prepare a contribution format income statement segmented by product lines.

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 11.00 2.60 Greengrow $35.00 S $ $ 12.00 $ 131,000 $ 37,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 42,500 units of Weedban and 19.000 units of Greengrow Required: Prepare a contribution format income statement segmented by product lines.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Royal Lawncore 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 S 11.00 $ 2.60 $ 131,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 42,500 units of Weedban and 19,000 units of Greengrow Total Company $ Required: Prepare a contribution format income statement segmented by product lines. Greengrow $ 35.00 $ 12.00 $ 37,000 Product Line 0 0 $ 0 Weedban Greengrow 0 0 $ 0 0
Transcribed Image Text:Royal Lawncore 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 S 11.00 $ 2.60 $ 131,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 42,500 units of Weedban and 19,000 units of Greengrow Total Company $ Required: Prepare a contribution format income statement segmented by product lines. Greengrow $ 35.00 $ 12.00 $ 37,000 Product Line 0 0 $ 0 Weedban Greengrow 0 0 $ 0 0
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