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	$	9.00	$	32.00
Variable expenses per unit	$	3.10	$	11.00
Traceable fixed expenses per year	$	129,000	$	39,000

Last year the company produced and sold 43,500 units of Weedban and 15,500 units of Greengrow. Its annual common fixed expenses are $96,000.

Required:

Prepare a contribution format income statement segmented by product lines.