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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 Weedban Greengrow $ 11.00 $ 32.00 $ 3.20 $ 11.00 $ 133,000 $ 46,000 Common fixed expenses in the company total $112,000 annually. Last year the company produced and sold 35,500 units of Weedban and 19,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 Sales Variable expenses Contribution margin Traceable fixed expenses Gross margin Common fixed expenses not traceable to products Net operating income 0 $ 0 S 0 $ 0

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