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 $ 36.00
Variable expenses per unit $ 2.90 $ 11.00
Traceable fixed expenses per year $ 134,000 $ 35,000

Last year the company produced and sold 43,000 units of Weedban and 21,500 units of Greengrow. Its annual common fixed expenses are $104,000.

Required:

Prepare a contribution format income statement segmented by product lines.

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