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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 $ 39.00
Variable expenses per unit $ 2.50 $ 10.00
Traceable fixed expenses per year $ 132,000 $ 45,000

Common fixed expenses in the company total $111,000 annually. Last year the company produced and sold 44,500 units of Weedban and 20,500 units of Greengrow.

Required:

Prepare a contribution format income statement segmented by product lines.

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