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Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price

Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow:

Product
Weedban Greengrow
Selling price per unit $ 11.00 $ 35.00
Variable expenses per unit $ 2.30 $ 13.00
Traceable fixed expenses per year $ 133,000 $ 31,000

Last year the company produced and sold 43,500 units of Weedban and 23,500 units of Greengrow. Its annual common fixed expenses are $104,000.

Required:

Prepare a contribution format income statement segmented by product lines.

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