Homework Help is Here – Start Your Trial Now!
Business
Accounting
val Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information ating to the products follow: Product Weedban Greengrow elling price per unit ariable expenses per unit raceable fixed expenses per year 11.00 40.00 $ 11.00 $ 38,000 $ 3.20 $ 130,000 mmon fixed expenses in the company total $98,000 annually. Last year the company produced and sold 40,000 units of Weedban 15,500 units of Greengrow. quired: pare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company

val Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information ating to the products follow: Product Weedban Greengrow elling price per unit ariable expenses per unit raceable fixed expenses per year 11.00 40.00 $ 11.00 $ 38,000 $ 3.20 $ 130,000 mmon fixed expenses in the company total $98,000 annually. Last year the company produced and sold 40,000 units of Weedban 15,500 units of Greengrow. quired: pare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

please help with these 2 questions, thank you

Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Selling price per unit Variable expenses per unit Traceable fixed expenses per year $ $ $ 130,000 Greengrow $ 40.00 $ 11.00 $ 38,000 11.00 3.20 Common fixed expenses in the company total $98,000 annually. Last year the company produced and sold 40,000 units of Weedban and 15,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company
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 Selling price per unit Variable expenses per unit Traceable fixed expenses per year $ $ $ 130,000 Greengrow $ 40.00 $ 11.00 $ 38,000 11.00 3.20 Common fixed expenses in the company total $98,000 annually. Last year the company produced and sold 40,000 units of Weedban and 15,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total Company North South $ 800,000 560,000 240,000 $ 600,000 480,000 $ 200,000 80,000 Sales Variable expenses Contribution margin Traceable fixed expenses 120,000 61,000 120,000 61,000 122,000 Segment margin 118,000 $ 59,000 $ 59,000 Common fixed expenses 52,000 Net operating income $ 66,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.) 1. Dollar sales for company to break-even 2. Dollar sales for North segment to break-even 3. Dollar sales for South segment to break-even
Transcribed Image Text:Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total Company North South $ 800,000 560,000 240,000 $ 600,000 480,000 $ 200,000 80,000 Sales Variable expenses Contribution margin Traceable fixed expenses 120,000 61,000 120,000 61,000 122,000 Segment margin 118,000 $ 59,000 $ 59,000 Common fixed expenses 52,000 Net operating income $ 66,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.) 1. Dollar sales for company to break-even 2. Dollar sales for North segment to break-even 3. Dollar sales for South segment to break-even
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Money Management and Achieving Financial Goals
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS