Answered: Product Weedban Greengrow Selling price…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5MC: A company sells its products for $80 per unit and has per-unit variable costs of $30. What is the...

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Question

Basic Segmented Income Statement

Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to the products follow:

Common fixed expenses in the company total $33,000 annually. Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow.

Required:

Prepare a contribution formal income statement segmented by product lines.

Product
Weedban
Greengrow
Selling price per unit ...
Variable expenses per unit.
Traceable fixed expenses per year
$6.00
$2.40
$7.50
$5.25
$45,000
$21,000

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