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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 | $ 11.00 | $ 35.00 |
| Variable expenses per unit | $ 2.40 | $ 15.00 |
| Traceable fixed expenses per year | $ 134,000 | $ 41,000 |
Last year the company produced and sold 39,500 units of Weedban and 18,000 units of Greengrow. Its annual common fixed expenses are $111,000.
Required:
Prepare a contribution format income statement segmented by product lines.
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