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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 $ 38.00
Variable expenses per unit $ 2.40 $ 10.00
Traceable fixed expenses per year $ 138,000 $ 45,000

Last year the company produced and sold 39,500 units of Weedban and 21,000 units of Greengrow. Its annual common fixed expenses are $96,000.

Required:

Prepare a contribution format income statement segmented by product lines.

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