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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 $ 9.00 $ 30.00 Variable expenses per unit $ 2.40 $ 11.00 Traceable fixed expenses per year $ 130,000 $ 48,000 Last year the company produced and sold 42,500 units of Weedban and 20,000 units of Greengrow. Its annual common fixed expenses are $113,000. Required: Prepare a contribution format income statement segmented by product lines. Total Company Product Line Weedban Greengrow 0 0 0 Sales Variable expenses Contribution margin Traonable fixed expenses Product lino segment margin Common fixed expenses not traceable to products Net operating income 0 $ 0 $ 0 $ 0

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