Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 11.00 $ 40.00 $ 2.80 $ 10.00 $ 133,000 $ 34,000 Common fixed expenses in the company total $102,000 annually. Last year the company produced and sold 42,000 units of Weedban and 22,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income Total Company Weedban $ 462,000 $ 880,000 117,600 220,000 344,400 660,000 133,000 34,000 211,400 $ 626,000 102,000 $ 109,400 Greengrow $1,342,000 337,600 1,004,400 167,000 $ 837,400 |