xed expenses per year $ 135,000 $ 38,000 empany produced and sold 41,500 units of Weedban and 19,000 units of Greengra 112,000.
xed expenses per year $ 135,000 $ 38,000 empany produced and sold 41,500 units of Weedban and 19,000 units of Greengra 112,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thank you
![Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4]
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cos
relating to the products follow:
Selling price per unit
Variable expenses per unit
Traceable fixed expenses per year
Product
Weedban
$ 11.00
$ 2.30
$ 135,000
Greengrow
$ 30.00
$12.00
$ 38,000
Last year the company produced and sold 41,500 units of Weedban and 19,000 units of Greengrow. Its annual comme
expenses are $112,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Total
Company
Product Line
Weedban
0 $
0
Greengrow](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe7badb2b-cf3e-462a-b612-3b61c2c79f46%2F8cae9b14-9ab2-41bf-91c8-9a22e73c7b8d%2Fsw65mo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4]
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cos
relating to the products follow:
Selling price per unit
Variable expenses per unit
Traceable fixed expenses per year
Product
Weedban
$ 11.00
$ 2.30
$ 135,000
Greengrow
$ 30.00
$12.00
$ 38,000
Last year the company produced and sold 41,500 units of Weedban and 19,000 units of Greengrow. Its annual comme
expenses are $112,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Total
Company
Product Line
Weedban
0 $
0
Greengrow
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