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 Product Weedban $ 10.00 Greengrow $ 40.00 $ 2.50 $ 131,000 $ 11.00 $ 48,000 Traceable fixed expenses per year Last year the company produced and sold 37,500 units of Weedban and 18,000 units of Greengrow. Its annual common fixed expenses are $107,000. 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 Product Weedban $ 10.00 Greengrow $ 40.00 $ 2.50 $ 131,000 $ 11.00 $ 48,000 Traceable fixed expenses per year Last year the company produced and sold 37,500 units of Weedban and 18,000 units of Greengrow. Its annual common fixed expenses are $107,000. Required: Prepare a contribution format income statement segmented by product lines.
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:
Selling price per unit
Variable expenses per unit
Product
Weedban
$ 10.00
Greengrow
$ 40.00
$ 2.50
$ 131,000
$ 11.00
$ 48,000
Traceable fixed expenses per year
Last year the company produced and sold 37,500 units of Weedban and 18,000 units of Greengrow. Its annual common fixed
expenses are $107,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Product Line
Total
Company
Weedban
Greengrow](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F74f94cc8-bc64-4b9b-951f-c81c73878c6f%2F8dabe402-eec1-4e28-88b6-8265fe71f2b3%2Fsqkj722_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:
Selling price per unit
Variable expenses per unit
Product
Weedban
$ 10.00
Greengrow
$ 40.00
$ 2.50
$ 131,000
$ 11.00
$ 48,000
Traceable fixed expenses per year
Last year the company produced and sold 37,500 units of Weedban and 18,000 units of Greengrow. Its annual common fixed
expenses are $107,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Product Line
Total
Company
Weedban
Greengrow
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