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Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost inf relating to the products follow: Selling price per unit Variable expenses per unit Product Weedban $ 12.00 Greengrow $ 35.00 $ 2.40 $ 134,000 $ 11.00 $ 41,000 Traceable fixed expenses per year Last year the company produced and sold 41,500 units of Weedban and 18,000 units of Greengrow. Its annual common expenses are $103,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Product Line Total Company Weedban Greengrow 0 0 0

Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost inf relating to the products follow: Selling price per unit Variable expenses per unit Product Weedban $ 12.00 Greengrow $ 35.00 $ 2.40 $ 134,000 $ 11.00 $ 41,000 Traceable fixed expenses per year Last year the company produced and sold 41,500 units of Weedban and 18,000 units of Greengrow. Its annual common expenses are $103,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Product Line Total Company Weedban Greengrow 0 0 0

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 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 $ 12.00 Greengrow $ 35.00 $ 2.40 $ 134,000 $ 11.00 $ 41,000 Traceable fixed expenses per year Last year the company produced and sold 41,500 units of Weedban and 18,000 units of Greengrow. Its annual common fixed expenses are $103,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Product Line Total Company Weedban 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 Product Weedban $ 12.00 Greengrow $ 35.00 $ 2.40 $ 134,000 $ 11.00 $ 41,000 Traceable fixed expenses per year Last year the company produced and sold 41,500 units of Weedban and 18,000 units of Greengrow. Its annual common fixed expenses are $103,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Product Line Total Company Weedban Greengrow 0 0 0
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