Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please work out problems with formula .thanks in a

Please work out problems with formula .Thanks in Advance Royal Lawncare Company produces and...

90.2K

Verified Solution

Question

Accounting

imagePlease work out problems with formula .Thanks in Advance

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 Greengrow $ 9.00 $ 39.00 $ 2.40 $ 14.00 $ 134,000 $ 31,000 Last year the company produced and sold 41,500 units of Weedban and 17,500 units of Greengrow. Its annual common fixed expenses are $100,000. Required: Prepare a contribution format income statement segmented by product lines. Answer is complete but not entirely correct. Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income Product Line Total Weedban Company Greengrow $1,270,500 $ 315,000 X $ 955,500 X 427,000 X 84,000 X 343,000 X 843,500 231,000 612,500 174,000 X 130,000 X 44.000 x 669,500 $ 101,000 $ 568,500 101,000 X $ 568,500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students