Total | Weedban | Greengrow | |
Sales(36,000 units × $9.00 per unit);(15,000 units × $32.00 per unit) | $804,000 | $324,000 | $480,000 |
Variable expenses(36,000 units × $2.80 per unit);(15,000 units × $12.00 per unit) | $280,800 | $100,800 | $180,000 |
Contribution margin | $523,200 | $223,200 | $300,000 |
Traceable fixed expenses | $180,000 | $133,000 | $47,000 |
Product line segment margin | $343,200 | $90,200 | $253,000 |
Common fixed expenses not traceable to products | $110,000 | ||
Net operating income | $233,200 |
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Exercise 7-4 Basic Segmented Income Statement (L07-4) 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 $ 10.00 $ 32.00 $ 3.10 $ 13.00 $ 133,000 $ 49,000 Common fixed expenses in the company total $106,000 annually. Last year the company produced and sold 35,500 units of Weedban and 24,500 units of Greengrow....
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 Greengrov $ 12.00 $ 37.00 $ 2.80 $ 10.00 $ 137,000 $ 39,000 Common fixed expenses in the company total $97,000 annually. Last year the company produced and sold 42.000 units of Weedban and 18,000 units of Greengrow. Required: Prepare a contribution format income statement...
Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 10.00 $ 37.00 Variable expenses per unit $ 2.80 $ 12.00 Traceable fixed expenses per year $ 130,000 $ 34,000 Last year the company produced and sold 36,000 units of Weedban and 15,500 units of Greengrow. Its annual common fixed expenses are $114,000. Required: Prepare a contribution format income statement segmented by...
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 12.00 $ 32.00 2.50 $ 13.00 $ 131,000 $ 43,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 41,000 units of Weedban and 15,000 units of Greengrow. Required: Prepare a contribution format income statement segmented...
Royal Lawncare Company produces and sells two packaged products. Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 11.00 $ 36.00 Variable expenses per unit $ 3.00 $ 14.00 Traceable fixed expenses per year $ 136.000 $ 31.000 Common fixed expenses in the company total $96.000 annually. Last year the company produced and sold 37.000 units of Weedban and 15.500 units of Greengrow. Required: Prepare a contribution format 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 Greengrow $ 10.00 $ 30.00 $ 3.20 $ 10.00 $ 133,000 $ 43,000 Common fixed expenses in the company total $111,000 annually. Last year the company produced and sold 37,500 units of Weedban and 20,500 units of Greengrow. Required: Prepare a contribution format income statement...
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 $ 10.00 $ 37.00 $ 2.80 $ 12.00 $ 131,000 $ 33,000 Common fixed expenses in the company total $105,000 annually. Last year the company produced and sold 44,000 units of Weedban and 24,500 units of Greengrow. Required: Prepare a contribution format income statement...
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 $ 10.00 $ 33.00 $ 2.40 $ 12.00 $ 134,000 $ 37,000 Common fixed expenses in the company total $104,000 annually. Last year the company produced and sold 36,000 units of Weedban and 15,500 units of Greengrow. Required: Prepare a contribution format income statement...
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 $8.00$ 39.00 $2.70 $ 12.00 135,000 42,000 Common fixed expenses in the company total $99,000 annually. Last year the company produced and sold 42,000 units of Weedban and 24,500 units of Greengrow Requirec Prepare a contribution format income statement segmented by product lines. Product...
Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 12.00 $ 40.00 Variable expenses per unit $ 2.40 $ 14.00 Traceable fixed expenses per year $ 133,000 $ 31,000 Common fixed expenses in the company total $104,000 annually. Last year the company produced and sold 35,500 units of Weedban and 18,000 units of Greengrow. Required: Prepare a...