Question
In: Accounting
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 | $ | 9.00 | $ | 33.00 |
| Variable expenses per unit | $ | 2.70 | $ | 14.00 |
| Traceable fixed expenses per year | $ | 135,000 | $ | 34,000 |
Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 35,500 units of Weedban and 21,500 units of Greengrow.
Required:
Prepare a contribution format income statement segmented by product lines.
Solutions
Expert Solution
| CONTRIBUTION SHEET OF ROYAL LAWNCARE COMPANY | |||
| Particulars | Weedban | Greengrow | |
| A | Sale Units | 35,500 | 21,500 |
| B | Selling Price per Unit | 9 | 33 |
| C =A*B | Sales | 3,19,500 | 7,09,500 |
| D | Variable Cost per unit | 3 | 14 |
| E=A*D | Variable Cost | 95,850 | 3,01,000 |
| F=C-E | Contribution | 2,23,650 | 4,08,500 |
ekkarill92 answered 2 years agoRelated Solutions
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
$
33.00
Variable expenses per unit
$
2.70
$
12.00
Traceable fixed expenses per year
$
138,000
$
41,000
Common fixed expenses in the company total $99,000 annually.
Last year the company produced and sold 38,000 units of Weedban and
19,500 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
$
12.00
$
33.00
Variable expenses per unit
$
2.60
$
10.00
Traceable fixed expenses per year
$
131,000
$
47,000
Common fixed expenses in the company total $103,000 annually.
Last year the company produced and sold 38,500 units of Weedban and
23,000 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 $8.00 $30.00
Variable expenses per unit $2.80 $13.00
Traceable fixed expenses per year $128,000 $35,000
Last year the company produced and sold 35,500 units of Weedban
and 19,500 units of Greengrow. Its annual common fixed expenses are
$96,000.
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...
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
$
2.30
$
13.00
Traceable fixed expenses per year
$
130,000
$
48,000
Common fixed expenses in the company total $113,000 annually.
Last year the company produced and sold 39,000 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
$
11.00
$
39.00
Variable expenses per unit
$
2.40
$
14.00
Traceable fixed expenses per year
$
129,000
$
39,000
Common fixed expenses in the company total $111,000 annually.
Last year the company produced and sold 39,000 units of Weedban and
17,500 units of Greengrow.
Required:
Prepare a contribution format income statement...
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ABC Company produces and sells four products. Information about these products for 2019, the most recent...
ABC Company produces and sells four products. Information about
these products for
2019, the most recent year, appears below:
Product
A Product B Product C Product D
selling price per unit 19.00 17.00 15.00 12.00
variable costs per unit 5.00 13.00 5.00 6.00
number of units sold 37,000 32,000 14,000 29,000
ABC Company had total fixed costs of $648,000 in 2019.
Calculate the number of units of Product D that
needed to be sold in 2019 in order for
ABC...
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