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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: Selling price per unit Variable

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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: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Veedban Greengrow $ 11.00 $ 31.00 $ 2.80 $ 10.00 $ 131, 000 $ 35,000 Common fixed expenses in the company total $105,000 annually. Last year the company produced and sold 41,000 units of Weedban and 24.000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Weedban Total Company Greengrow 0 0 0 Sales Variable expenses Contribution margin Traceable foxed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income 0 $ 0 $

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