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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 $ 9.00 $ 35.00
Variable expenses per unit $ 2.40 $ 12.00
Traceable fixed expenses per year $ 132,000 $ 49,000

Common fixed expenses in the company total $105,000 annually. Last year the company produced and sold 44,500 units of Weedban and 21,500 units of Greengrow.

Required:

Prepare a contribution format income statement segmented by product lines.

Product Line
Total Company Weedban Greengrow
Sales
Variable expenses
Contribution margin 0 0 0
Traceable fixed expenses
Product line segment margin 0 $0 $0
Common fixed expenses not traceable to products
Net operating income $0

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