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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

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 $ 12.00 $ 37.00
Variable expenses per unit $ 2.70 $ 13.00
Traceable fixed expenses per year $ 138,000 $ 48,000

Common fixed expenses in the company total $103,000 annually. Last year the company produced and sold 35,500 units of Weedban and 21,500 units of Greengrow.

Required:

Prepare a contribution format income statement segmented by product lines.

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