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	$	12.00	$	30.00
Variable expenses per unit	$	2.50	$	12.00
Traceable fixed expenses per year	$	137,000	$	36,000

Last year the company produced and sold 37,000 units of Weedban and 16,000 units of Greengrow. Its annual common fixed expenses are $105,000.

Required:

Prepare a contribution format income statement segmented by product lines.