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Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information...

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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 Weedban Greengrow $ 38.00 $ 12.00 $ 48,000 Selling price per unit Variable expenses per unit Traceable fixed expenses per year 10.00 2.90 $ 137,000 Common fixed expenses in the company total $95,000 annually. Last year the company produced and sold 44,000 units of Weedban and 20,500 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Weedban Greengrow Company Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income

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