Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Greengrow Weedban 2$ Selling price per unit Variable expenses per unit Traceable fixed expenses per year 6.00 7.50 2$ $ 21,000 |2.40 5.25 $ 45,000 Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Its annual common fixed expenses are $33,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Greengrow Weedban 2$ Selling price per unit Variable expenses per unit Traceable fixed expenses per year 6.00 7.50 2$ $ 21,000 |2.40 5.25 $ 45,000 Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Its annual common fixed expenses are $33,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information
relating to the products follow:
Product
Weedban
Greengrow
Selling price per unit
Variable expenses per unit
Traceable fixed expenses per year
2$
6.00
7.50
2$
$ 21,000
2.40
5.25
$ 45,000
Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Its annual common fixed
expenses are $33,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Product Line
Total
Weedban
Greengrow
Company
0 S](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1537b209-f291-409b-af0a-61b8916a61d9%2Fb5bc91c9-7d17-4dbc-b7cd-6fbff4df72d2%2Fvbetzm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information
relating to the products follow:
Product
Weedban
Greengrow
Selling price per unit
Variable expenses per unit
Traceable fixed expenses per year
2$
6.00
7.50
2$
$ 21,000
2.40
5.25
$ 45,000
Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Its annual common fixed
expenses are $33,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Product Line
Total
Weedban
Greengrow
Company
0 S
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