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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

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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 Traceable fixed expenses per year Product Weedban Greengrow $ 10.00 $ 40.00 $ 2.80 $ 10.00 $ 130,000 $ 47,000 Common fixed expenses in the company total $105,000 annually. Last year the company produced and sold 42,500 units of Weedban and 18,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow Sales Variable expenses Contribution margin Traceable fixed expenses 0 0 0 0 $ 0 $ 0 Common fixed expenses not traceable to products Net operating income $ 0

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