Create a contribution format income statement segmented

Assignment Help Accounting Basics

Reference no: EM131972066

Problem

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	$	30.00
Variable expenses per unit	$	2.70	$	14.00
Traceable fixed expenses per year	$	129,000	$	33,000

Common fixed expenses in the company total $114,000 annually. Last year the company produced and sold 37,500 units of Weedban and 22,500 units of Greengrow.

Prepare a contribution format income statement segmented by product lines.

Reference no: EM131972066

Questions Cloud

Discuss possible solutions to adverse selection problem : Explain the following concepts: asymmetric information, adverse selection, and moral hazard. List and discuss possible solutions to adverse selection problem.

What was manufacturing overhead rate routers inc calculated : What was the manufacturing overhead rate Routers Inc. calculated last year assuming that actual and budgeted overheads and volumes were identical?

Which method is considered the best capital budgeting method : Explain the different assumptions regarding the investment of cash flows under NPV and IRR. Which assumption is more realistic? Why?

Average amount of time customers of bank : A bank manager wants to know the average amount of time customers of his bank have to wait in line. 300 customers were polled and asked

Create a contribution format income statement segmented : Royal Lawncare Company produces and sells two packaged products Weedban and Greengrow. Create a contribution format income statement segmented by product lines.

Explain the importance to adjust all cash flows : Explain the importance to adjust all cash flows to a common date. What results, if any, can a firm face if they did not adjust the cash flows?

Find the probability of event : (a) Write the event ''a score equal to 68.8'' in terms of X: (b) Find the probability of this event: (c) Find the probability that a randomly chosen score

How you can estimate weighted average cost of capital : Explain in details how you can estimate weighted average cost of capital for a listed firm in addition discuss in your answer any problems (Statistical).

How much will lynn receive at the end of 9 years : Lynn Ally, owner of a local Subway shop, loaned $61,000 to Pete Hall to help him open a Subway franchise.

User Account

All Pages