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 income statement segmented by product lines.
contribution format income statement
Company |
Weedban |
Greengrow |
|
Sales |
1,189,000 |
36,500 x 8 = 292,000 |
23,000 x 39 = 897,000 |
Variable expenses |
- 336,950 |
36,500 x 2.30 = - 83,950 |
23,000 x 11 = - 253,000 |
Contribution margin |
852,050 |
208,050 | 644,000 |
Traceable fixed expenses |
- 181,000 |
- 131,000 |
- 50,000 |
Segment margin |
671,050 |
77,050 | 594,000 |
Common fixed expenses |
- 113,000 |
||
Net operating income |
$558,050 |
Please give a positive rating if you are satisfied with this solution and if you have any query kindly ask.
Thanks!!!
Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information...
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 S 11.00 S 39.00 S 130,000 36,000 2.50 12.00 Common fixed expenses in the company total S104,000 annually. Last year the company produced and sold 39,000 units of Weedban and 15,500 units of Greengrow. Required Prepare a contribution format income statement segmented by product lines....
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 Variable expenses per unit Traceable fixed expenses per year 11.00 37.00 3.10 12.00 $ 131,000 $32,000 Common fixed expenses in the company total $107,000 annually. Last year the company produced and sold 44,000 units of Weedban and 23,500 units of Greengrow. Required: 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: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 8.00 $31.00 $ 2.30 $ 10.00 $ 129,000 $ 30,000 Common fixed expenses in the company total $110,000 annually. Last year the company produced and sold 44,000 units of Weedban and 24,000 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: 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 $ 9.00 $ 32.00 Variable expenses per unit $ 2.30 $ 13.00 Traceable fixed expenses per year $ 129,000 $ 39,000 Common fixed expenses in the company total $105,000 annually. Last year the company produced and sold 40,500 units of Weedban and 24,000 units of Greengrow. Required: Prepare a...
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: 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 $ 9.00 $ 39.00 Variable expenses per unit $ 3.00 $ 10.00 Traceable fixed expenses per year $ 133,000 $ 38,000 Common fixed expenses in the company total $112,000 annually. Last year the company produced and sold 41,500 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: 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 $ 9.00 $ 39.00 $ 2.70 $ 12.00 $ 135,000 $ 40,000 Common fixed expenses in the company total $108,000 annually. Last year the company produced and sold 38,500 units of Weedban and 17,000 units of Greengrow. Required: Prepare a contribution format income statement...