val Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information ating to the products follow: Product Weedban Greengrow elling price per unit ariable expenses per unit raceable fixed expenses per year 11.00 40.00 $ 11.00 $ 38,000 $ 3.20 $ 130,000 mmon fixed expenses in the company total $98,000 annually. Last year the company produced and sold 40,000 units of Weedban 15,500 units of Greengrow. quired: pare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company

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...
icon
Related questions
Question

please help with these 2 questions, thank you

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
$
$
$ 130,000
Greengrow
$ 40.00
$ 11.00
$ 38,000
11.00
3.20
Common fixed expenses in the company total $98,000 annually. Last year the company produced and sold 40,000 units of Weedban
and 15,500 units of Greengrow.
Required:
Prepare a contribution format income statement segmented by product lines.
Product Line
Total
Weedban
Greengrow
Company
Transcribed Image Text: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 $ $ $ 130,000 Greengrow $ 40.00 $ 11.00 $ 38,000 11.00 3.20 Common fixed expenses in the company total $98,000 annually. Last year the company produced and sold 40,000 units of Weedban and 15,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format
segmented income statement as shown:
Total
Company
North
South
$ 800,000
560,000
240,000
$ 600,000
480,000
$ 200,000
80,000
Sales
Variable expenses
Contribution margin
Traceable fixed expenses
120,000
61,000
120,000
61,000
122,000
Segment margin
118,000
$ 59,000
$ 59,000
Common fixed expenses
52,000
Net operating income
$ 66,000
Required:
1. Compute the companywide break-even point in dollar sales.
2. Compute the break-even point in dollar sales for the North region.
3. Compute the break-even point in dollar sales for the South region.
(For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.)
1. Dollar sales for company to break-even
2. Dollar sales for North segment to break-even
3. Dollar sales for South segment to break-even
Transcribed Image Text:Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total Company North South $ 800,000 560,000 240,000 $ 600,000 480,000 $ 200,000 80,000 Sales Variable expenses Contribution margin Traceable fixed expenses 120,000 61,000 120,000 61,000 122,000 Segment margin 118,000 $ 59,000 $ 59,000 Common fixed expenses 52,000 Net operating income $ 66,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.) 1. Dollar sales for company to break-even 2. Dollar sales for North segment to break-even 3. Dollar sales for South segment to break-even
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Money Management and Achieving Financial Goals
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,