Exercise 6-4 (Algo) Basic Segmented Income Statement [LO6-4]

Royal Lawncare Company produces and sells two packaged productsWeedban 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	$ 2.50	$ 13.00
Traceable fixed expenses per year	$ 131,000	$ 44,000

Last year the company produced and sold 36,000 units of Weedban and 17,500 units of Greengrow. Its annual common fixed expenses are $112,000.

Required:

Prepare a contribution format income statement segmented by product lines.