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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 $ 6.00 $ 7.50
Variable expenses per unit $ 2.40 $ 5.25
Traceable fixed expenses per year $ 45,000 $ 21,000

Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Its annual common fixed expenses are $33,000.

Required:

Prepare a contribution format income statement segmented by product lines.

image text in transcribed

\begin{tabular}{|l|l|l|l|} \hline & \multicolumn{3}{|c|}{ Product Line } \\ \cline { 2 - 5 } & Total Company & Weedban & Greengrow \\ \hline \hline & & & \\ \hline \end{tabular}

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