Exercise 4-4 (Algo) Basic Segmented Income Statement [LO4-4]

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	$ 9.00	$ 32.00
Variable expenses per unit	$ 2.60	$ 12.00
Traceable fixed expenses per year	$ 137,000	$ 48,000

Last year the company produced and sold 42,500 units of Weedban and 23,000 units of Greengrow. Its annual common fixed expenses are $113,000.

Required:

Prepare a contribution format income statement segmented by product lines.