Exercise 6-4 Basic Segmented Income Statement [LO6-4]

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	$	32.00
Variable expenses per unit	$	2.60	$	12.00
Traceable fixed expenses per year	$	129,000	$	49,000

Common fixed expenses in the company total $102,000 annually. Last year the company produced and sold 44,500 units of Weedban and 15,000 units of Greengrow.

Required:

Prepare a contribution format income statement segmented by product lines.