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$9.00 $31.00

Variable expenses per unit$2.40 $11.00

Traceable fixed expenses per year $138,000 $32,000

Common fixed expenses in the company total $109,000 annually. Last year the company produced and sold 43,500 units of Weedban and 18,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines.

	Product Line
	Total Company	Weedban	Greengrow
Sales	$965,000	$391,500	$573,500
Variable expenses	307,900	104,400	203,500
Contribution margin	657,100	287,100	370,000
Traceable fixed expenses
Gross margin	657,100	$287,100	$370,000
Common fixed expenses not traceable to products	109,000
Net operating income	$548,100