Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information elating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban $ 10.00 $2.90 136.000 Greengrow $ 32.00 $ 14.00 5.44.000
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information elating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban $ 10.00 $2.90 136.000 Greengrow $ 32.00 $ 14.00 5.44.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![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 information
relating to the products follow:
Selling price per unit
Variable expenses per unit
Traceable fixed expenses per year
Product
Weedban
$10.00
$ 2.90
Greengrow
$ 32.00
$14.00
$ 136,000 $ 44,000
Last year the company produced and sold 45,000 units of Weedban and 24,500 units of Greengrow, its annual common fixed
expenses are $101,000.
Required:
Prepare a contribution format income statement segmented by product lines.
S
Total
Company
0
Product Line
0
Weedban
05
0
Greengrow
0$
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8ebee747-9a94-438b-80c8-0b3b296e8c92%2F3382d6b2-d924-4e6f-99c8-28cdd419063b%2Fjhi4h1_processed.png&w=3840&q=75)
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 information
relating to the products follow:
Selling price per unit
Variable expenses per unit
Traceable fixed expenses per year
Product
Weedban
$10.00
$ 2.90
Greengrow
$ 32.00
$14.00
$ 136,000 $ 44,000
Last year the company produced and sold 45,000 units of Weedban and 24,500 units of Greengrow, its annual common fixed
expenses are $101,000.
Required:
Prepare a contribution format income statement segmented by product lines.
S
Total
Company
0
Product Line
0
Weedban
05
0
Greengrow
0$
0
0
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