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	$ 10.00	$ 34.00
Variable expenses per unit	$ 3.00	$ 13.00
Traceable fixed expenses per year	$ 128,000	$ 34,000

Last year the company produced and sold 37,000 units of Weedban and 22,500 units of Greengrow. Its annual common fixed expenses are $104,000.

Required:

Prepare a contribution format income statement segmented by product lines.

Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow Sales Variable expenses Contribution margin 0 0 0 Traceable fixed expenses 0 $ 0 $ o Product line segment margin Common fixed expenses not traceable to products Net operating income $ 0