Question

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

Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to the products follow:

Product
Weedban Greengrow
Selling price per unit $ 11.00 $ 31.00
Variable expenses per unit $ 2.20 $ 13.00
Traceable fixed expenses per year $ 136,000 $ 37,000

Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 38,000 units of Weedban and 21,500 units of Greengrow.

Required:

Prepare a contribution format income statement segmented by product lines.

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