Exercise 6-4 (Algo) Basic Segmented Income Statement [LO6-4]

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	$	11.00	$	33.00
Variable expenses per unit	$	2.20	$	11.00
Traceable fixed expenses per year	$	134,000	$	40,000

Last year the company produced and sold 35,500 units of Weedban and 21,000 units of Greengrow. Its annual common fixed expenses are $98,000.

Required:

Prepare a contribution format income statement segmented by product lines.