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 Weedban $ 8.00 $ 2.30 $ 131,000 Product Greengrow $ 32.00 $ 10.00 $ 36,000 Last year the company produced and sold 38,000 units of Weedban and 16,000 units of Greengrow. Its annual common fixed expenses are $99,000. Required: Prepare a contribution format income statement segmented by product lines.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
Weedban
$ 8.00
$ 2.30
$ 131,000
Product
Greengrow
$ 32.00
$ 10.00
$ 36,000
Last year the company produced and sold 38,000 units of Weedban and 16,000 units of Greengrow. Its annual common fixed
expenses are $99,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Total
Company
$
Product Line
0
0
Weedban
0 $
0
Greengrow
0 $
0
0
Transcribed Image Text: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 Weedban $ 8.00 $ 2.30 $ 131,000 Product Greengrow $ 32.00 $ 10.00 $ 36,000 Last year the company produced and sold 38,000 units of Weedban and 16,000 units of Greengrow. Its annual common fixed expenses are $99,000. Required: Prepare a contribution format income statement segmented by product lines. Total Company $ Product Line 0 0 Weedban 0 $ 0 Greengrow 0 $ 0 0
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