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 $ 2.60 $ 131,000 Sales Selling expenses Product Last year the company produced and sold 38,000 units of Weedban and 19,500 units of Greengrow. Its annual common fixed expenses are $114,000. Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income Greengrow $40.00 $11.00 $ 45,000 Required: Prepare a contribution format income statement segmented by product lines. Total Company $ 1,160,000 1,160,000 Product Line $ 1,160,000 Weedban $ 380,000 380,000 Greengrow $ 780,000 780,000 1,160,000 $ 380,000 $ 780,000

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 $ 2.60 $ 131,000 Sales Selling expenses Product Last year the company produced and sold 38,000 units of Weedban and 19,500 units of Greengrow. Its annual common fixed expenses are $114,000. Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income Greengrow $40.00 $11.00 $ 45,000 Required: Prepare a contribution format income statement segmented by product lines. Total Company $ 1,160,000 1,160,000 Product Line $ 1,160,000 Weedban $ 380,000 380,000 Greengrow $ 780,000 780,000 1,160,000 $ 380,000 $ 780,000

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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