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Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information...

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Accounting

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 $ 31.00
Variable expenses per unit $ 3.20 $ 14.00
Traceable fixed expenses per year $ 137,000 $ 45,000
Last year the company produced and sold 41,500 units of Weedban and 22,000 units of Greengrow. Its annual common fixed expenses are $112,000.
Required:
Prepare a contribution format income statement segmented by product lines.

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