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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 $ 11.00 $ 30.00 Variable expenses per unit $ 2.40 $ 12.00 Traceable fixed expenses per year $ 134,000 $ 30,000     Common fixed expenses in the company total $104,000 annually. Last year the company produced and sold 35,500 units of Weedban and 25,000 units of Greengrow.   Required: Prepare a contribution format income statement segmented by product lines.         Product Line   Total Company Weedban Greengrow                   0 0 0           0 $0 $0           $0

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 $ 11.00 $ 30.00 Variable expenses per unit $ 2.40 $ 12.00 Traceable fixed expenses per year $ 134,000 $ 30,000     Common fixed expenses in the company total $104,000 annually. Last year the company produced and sold 35,500 units of Weedban and 25,000 units of Greengrow.   Required: Prepare a contribution format income statement segmented by product lines.         Product Line   Total Company Weedban Greengrow                   0 0 0           0 $0 $0           $0

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4PB: West Island distributes a single product. The companys sales and expenses for the month of June are...
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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 $ 11.00 $ 30.00
Variable expenses per unit $ 2.40 $ 12.00
Traceable fixed expenses per year $ 134,000 $ 30,000
 

 

Common fixed expenses in the company total $104,000 annually. Last year the company produced and sold 35,500 units of Weedban and 25,000 units of Greengrow.

 

Required:

Prepare a contribution format income statement segmented by product lines.

 

 
 
  Product Line
  Total Company Weedban Greengrow
       
       
  0 0 0
       
  0 $0 $0
       
  $0
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