Product Line | |||
Total Company | Weedban | Greengrow | |
Sales | $1353500 | 44000*11 = $484000 | 23500*37 = $869500 |
Less: variable cost | 418400 | 44000*3.10 = $136400 | 23500*12 = $282000 |
Contribution margin | 935100 | 347600 | 587500 |
Less: Traceable Fixed costs | 163000 | 131000 | 32000 |
Segment margin | $772100 | $216600 | 555500 |
Common Fixed costs | 107000 | ||
Net Income | $665100 | ||
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating...
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: Product Weedban Greengrow Selling price per unit $ 11.00 $ 40.00 Variable expenses per unit $ 3.00 $ 11.00 Traceable fixed expenses per year $ 130,000 $ 42,000 Common fixed expenses in the company total $107,000 annually. Last year the company produced and sold 43,000 units of Weedban and 24,000 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 $ 8.00 $ 37.00 Variable expenses per unit $ 3.10 $ 10.00 Traceable fixed expenses per year $ 129,000 $ 45,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 35,500 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: 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 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: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 12.00 $ 33.00 $ 2.90 $ 11.00 $135,000 $46,000 Common fixed expenses in the company total $109,000 annually. Last year the company produced and sold 44,500 units of Weedban and 19,500 units of Greengrow. 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: Product Weedban Greengrow Selling price per unit $ 10.00 $ 34.00 Variable expenses per unit $ 3.10 $ 12.00 Traceable fixed expenses per year $ 132,000 $ 46,000 Common fixed expenses in the company total $108,000 annually. Last year the company produced and sold 44,500 units of Weedban and 16,500 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 $ 34.00 $ 3.ee $ 12.00 $ 136,000 $ 41,000 Common fixed expenses in the company total $95,000 annually. Last year the company produced and sold 44,000 units of Weedban and 19,000 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 $ 8.00 $ 39.00 Variable expenses per unit $ 2.30 $ 11.00 Traceable fixed expenses per year $ 131,000 $ 50,000 Common fixed expenses in the company total $113,000 annually. Last year the company produced and sold 36,500 units of Weedban and 23,000 units of Greengrow. Required: Prepare a contribution format...
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...