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 $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.
Solutions
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
$
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...
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
$
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...
TOM, Inc. produces and sells two products, L and V. Revenue and cost information for the...
TOM, Inc. produces and sells two products, L and V.
Revenue and cost information for the two products from
last
month appear below:
Product L Product V
selling price per unit ........... $15.00 $12.00
variable costs per unit .......... $ 8.00 $ 7.00
For the coming month, Betty would like to use linear
programming
in order to maximize monthly profits.
Each month Betty has 80,000 direct labor hours available and
60,000
machine hours available. Product L requires 5 direct labor...
ZZZ Company produces and sells three products. Information about these products for the month of May...
ZZZ Company produces and sells three products. Information
about these products for the month of May is given below:
Product A Product B
selling price per unit $16 $14
variable costs per unit $ 7 $ 6
number of units sold 20,000 25,000
Product C
selling price per unit $20
variable costs per unit $15
number of units sold 24,000
ZZZ Company reported total fixed costs of $166,000 in May.
In order to improve profitability, ZZZ Company made the
following...
Twin Products Company produces and sells two products. Product M sells for $12 and has variable...
Twin Products Company produces and sells two products. Product M
sells for $12 and has variable costs of $6. Product W sells for $15
and has variable costs of $10. Twin predicted sales of 25,000 units
of M and 20,000 of W. Fixed costs are $60,000 per month. Assume
that Twin achieved its sales goal of $600,000 for September, but
fell short of its expected operating income of $190,000. Which of
the following descriptions best describes the actual results
reported...
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 16.00 15.00 12.00
variable costs per unit 5.00 13.00 5.00 6.00
number of units sold 39,000 32,000 15,000 28,000
ABC Company had total fixed costs of $648,000 in 2019.
Calculate the margin of safety reported by ABC
Company for 2019.
Calculate the number of units of Product...
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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