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 segmented by product lines.
Answer
Total Company | Weedban | Greengrow | |
Sales | $1,173,000 | $373,500 | $799,500 |
Variable expenses | $329,500 | $124,500 | $205,000 |
Contribution margin | $843,500 | $249,000 | $594,500 |
Traceable Fixed expenses | $171,000 | $133,000 | $38,000 |
Product Line Segment Margin | $672,500 | $116,000 | $556,500 |
Common Fixed expenses not traceable to products | $112,000 | ||
Net Operating Income | $560,500 |
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 $ 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: Product Weedban Greengrow Selling price per unit $ 12.00 $ 34.00 Variable expenses per unit $ 2.40 $ 12.00 Traceable fixed expenses per year $ 137,000 $ 34,000 Common fixed expenses in the company total $100,000 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: 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...
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 $ 33.00 Variable expenses per unit $ 2.70 $ 12.00 Traceable fixed expenses per year $ 137,000 $ 43,000 Common fixed expenses in the company total $97,000 annually. Last year the company produced and sold 41,000 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 $ 2.70 $ 14.00 Traceable fixed expenses per year $ 137,000 $ 30,000 Common fixed expenses in the company total $109,000 annually. Last year the company produced and sold 37,000 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 $ 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 $ 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 $ 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 $8.00$ 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 $ 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...