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 Weedban $10.00 $2.50 $ 132,000 Product Greengrow $34.00 $ 12.00 $ 50,000 Last year the company produced and sold 39,500 units of Weedban and 24,500 units of Greengrow. Its annual common fixed expenses are $115,000. Required: Prepare a contribution format income statement segmented by product lines. A

Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Last year the company produced and sold 39,500 units of Weedban and 24,500 units of Greengrow. Its annual common fixed expenses are $115,000. Required: Prepare a contribution format income statement segmented by product lines