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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

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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 Product Weedban $ 12.00 Greengrow $ 39.00 $ 2.50 $ 14.00 $ 134,000 $ 34,000 Traceable fixed expenses per year Last year the company produced and sold 42,000 units of Weedban and 18,500 units of Greengrow. Its annual common fixed expenses are $110,000. Required: Prepare a contribution format Income statement segmented by product lines. Administrative expenses Advertising Beginning merchandise inventory Commissions Product Line Total Company Weedban Greengrow

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