Exercise 6-4 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 $ 8.00 $ 39.00

Variable expenses per unit $ 3.00 $ 12.00

Traceable fixed expenses per year $ 132,000 $ 39,000

Common fixed expenses in the company total $108,000 annually. Last year the company produced and sold 43,500 units of Weedban and 16,000 units of Greengrow.

Required: Prepare a contribution format income statement segmented by product lines.