Please do not give solution in image format thanku Royal Lawncore Company produces and sells two packaged products-Weedban and Greengrow Revenue and cost informationrelating to the products follow:Selling price per unitVariable expenses per unitTraceable fixed expenses per yearProductWeedbanS 11.00$ 2.60$ 131,000Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 42,500 units of Weedbanand 19,000 units of GreengrowTotalCompany$Required:Prepare a contribution format income statement segmented by product lines.Greengrow$ 35.00$ 12.00$ 37,000Product Line00 $0Weedban Greengrow00 $00

The contribution margin is calculated as difference between sales and variable costs. The net income…

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 11.00 2.60 Greengrow $35.00 S $ $ 12.00 $ 131,000 $ 37,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 42,500 units of Weedban and 19.000 units of Greengrow Required: Prepare a contribution format income statement segmented by product lines.

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 11.00 2.60 Greengrow $35.00 S $ $ 12.00 $ 131,000 $ 37,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 42,500 units of Weedban and 19.000 units of Greengrow Required: Prepare a contribution format income statement segmented by product lines.

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 Selling priee per unit Variable expensen per unit Traceable fixed expenses per year Weedban $ 10.00 $2.70 $ 129,000 Greengrow $ 40.00 $ 11.00 $ 45,000 Last year the company produced and sold 37,500 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $97,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Selling price per unit Variable expenses per unit Traceable fixed expenses per year $ $ $ 133,000 Greengrow $ $ $ 44,000 8.00 34.00 2.40 13.00 Common fixed expenses in the company total $95,000 annually. Last year the company produced and sold 37,000 units of Weedban and 16,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow
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