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

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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: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 10.00 $ 34.00 $ 2.90 $ 131,000 $ 14.00 $ 35,000 Last year the company produced and sold 40,000 units of Weedban and 18,500 units of Greengrow. Its annual common fixed expenses are $111,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost Information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 10.00 $ 34.00 $ 2.90 $ 131,000 $ 14.00 $ 35,000 Last year the company produced and sold 40,000 units of Weedban and 18,500 units of Greengrow. Its annual common fixed expenses are $111,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow