FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
Traceable fixed expenses per year
Weedban
$ 10.00
$ 3.10
$ 134,000
Product
Greengrow
$37.00
$12.00
$36,000
Last year the company produced and sold 41,000 units of Weedban and 21,500 units of Greengrow. Its annual common fixed
expenses are $107,000.
Required:
Prepare a contribution format income statement segmented by product lines.
Total
Company
$
0
Product Line
0
Weedban
0 $
0
Greengrow
0 $
0
0
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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 Traceable fixed expenses per year Weedban $ 10.00 $ 3.10 $ 134,000 Product Greengrow $37.00 $12.00 $36,000 Last year the company produced and sold 41,000 units of Weedban and 21,500 units of Greengrow. Its annual common fixed expenses are $107,000. Required: Prepare a contribution format income statement segmented by product lines. Total Company $ 0 Product Line 0 Weedban 0 $ 0 Greengrow 0 $ 0 0
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