Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Selling price per unit Variable expenses per unit Traceable fixed expenses per year Greengrow $ 38.00 $10.00 $4 11.00 $3.00 $131,000 $ 49,000 Common fixed expenses in the company total $114,000 annually. Last year the company produced and sold 41,500 units of Weedban and 22,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines.

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.ee $38.00 $ 3.00 $ 10.00 $ 131,000 $ 49,000 Common fixed expenses in the company total $114,000 annually. Last year the company produced and sold 41,500 units of Weedban and 22,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines