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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

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 $ 40.00
Variable expenses per unit $ 2.40 $ 14.00
Traceable fixed expenses per year $ 133,000 $ 31,000

Common fixed expenses in the company total $104,000 annually. Last year the company produced and sold 35,500 units of Weedban and 18,000 units of Greengrow.

Required:

Prepare a contribution format income statement segmented by product lines.

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