Question
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:
|
Product |
||||
| Weedban | Greengrow | |||
| Selling price per unit | $ | 10.00 | $ | 32.00 |
| Variable expenses per unit | $ | 3.00 | $ | 13.00 |
| Traceable fixed expenses per year | $ | 129,000 | $ | 40,000 |
Common fixed expenses in the company total $97,000 annually. Last year the company produced and sold 35,000 units of Weedban and 21,500 units of Greengrow.
Required:
Prepare a contribution format income statement segmented by product lines.
Homework Answers
Answer #1
SSales and variable costs are
calculated by multiplying respective units with respective unit
cost/ price
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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:
Product
Weedban
Greengrow
Selling price per unit
$
11.00
$
31.00
Variable expenses per unit
$
2.20
$
13.00
Traceable fixed expenses per year
$
136,000
$
37,000
Common fixed expenses in the company total $96,000 annually.
Last year the company produced and sold 38,000 units of Weedban and
21,500 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...
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
$
35.00
Variable expenses per unit
$
3.00
$
10.00
Traceable fixed expenses per year
$
135,000
$
48,000
Common fixed expenses in the company total $107,000 annually.
Last year the company produced and sold 39,000 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...
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
$
36.00
Variable expenses per unit
$
2.60
$
13.00
Traceable fixed expenses per year
$
136,000
$
34,000
Common fixed expenses in the company total $115,000 annually.
Last year the company produced and sold 38,000 units of Weedban and
22,000 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...
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
$
35.00
Variable expenses per unit
$
2.50
$
10.00
Traceable fixed expenses per year
$
133,000
$
35,000
Last year the company produced and sold 40,500 units of Weedban
and 19,000 units of Greengrow. Its annual common fixed expenses are
$98,000.
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...
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
$
2.90
$
11.00
Traceable fixed expenses per year
$
134,000
$
35,000
Last year the company produced and sold 43,000 units of Weedban
and 21,500 units of Greengrow. Its annual common fixed expenses are
$104,000.
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...
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
$
32.00
Variable expenses per unit
$
2.70
$
14.00
Traceable fixed expenses per year
$
133,000
$
46,000
Common fixed expenses in the company total $111,000 annually.
Last year the company produced and sold 43,500 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...
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
$
34.00
Variable expenses per unit
$
2.30
$
10.00
Traceable fixed expenses per year
$
138,000
$
44,000
Common fixed expenses in the company total $106,000 annually.
Last year the company produced and sold 44,500 units of Weedban and
18,500 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...
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 $ 39.00 Variable expenses per unit $ 2.30 $
11.00 Traceable fixed expenses per year $ 137,000 $ 48,000 Common
fixed expenses in the company total $114,000 annually. Last year
the company produced and sold 41,500 units of Weedban and 22,000
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...
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
$
135,000
$
49,000
Common fixed expenses in the company total $113,000 annually.
Last year the company produced and sold 40,500 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...
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
$
2.20
$
12.00
Traceable fixed expenses per year
$
134,000
$
41,000
Common fixed expenses in the company total $101,000 annually.
Last year the company produced and sold 37,500 units of Weedban and
21,000 units of Greengrow.
Required:
Prepare a contribution format income statement...
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