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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

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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 price per unit $ 11.00 $ 31.00 Variable expenses per unit $ 3.20 $ 15.00 Traceable fixed expenses per year $ 132,000 $ 50,000 Last year the company produced and sold 39,000 units of Weedban and 23,500 units of Greengrow. Its annual common fixed expenses are $113,000 Required: Prepare a contribution format income statement segmented by product lines

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