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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 Groongrow 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 Groongrow Selling price per unit $ 9.00 $ 32.00 Variable expenses per unit $ 2.50 $ 13.00 Traceable fixed expenses per year $ 137,000 $ 38,000 Last year the company produced and sold 43,500 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $104,000 Required: Prepare a contribution format income statement segmented by product lines. Total Company Product Line Woodban Greengrow 0 0 0 0 $ 0 $ 0 $ 0

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