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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 Seedban Greengrow 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 Seedban Greengrow Selling price per unit $ 11.00 $ 34.00 variable expenses per unit $ 2.30 $ 11.00 Traceable fixed expenses per year $ 131,000 $ 48,000 Last year the company produced and sold 44.500 units of Weedban and 23.000 units of Greengrow. Its annual common fixed expenses are $113,000 Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 5 0 $ 0

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