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

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Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 11.00 $ 34.00 Variable expenses per unit $ 2.90 $ 11.00 Traceable fixed expenses per year $ 131,000 $ 40,000 Last year the company produced and sold 43,000 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $114,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Weedban Total Company Greengrow

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