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Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two...

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Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Last year the company produced and sold 41,500 units of Weedban and 19,000 units of Greengrow. Its annual common fixed expenses are $112,000. Required: Prepare a contribution format income statement segmented by product lines

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