Exercise 6-4 Basic Segmented Income Statement (L06-4] Royal Lawncare Company produces and sells two packaged...
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Exercise 6-4 Basic Segmented Income Statement (L06-4] 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 Product Weedban Greengrov $ 10.00 $ 33.00 $ 2.20 $ 16.00 $ 131,000 $ 37,000 Common fixed expenses in the company total $114,000 annually. Last year the company produced and sold 39,000 units of Weedban and 24,500 units of Greengrow Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Groengrow
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