Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4]

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	$ 32.00
Variable expenses per unit	$ 2.60	$ 10.00
Traceable fixed expenses per year	$ 132,000	$ 43,000

Last year the company produced and sold 37,500 units of Weedban and 22,000 units of Greengrow. Its annual common fixed expenses are $108,000.

Required:

Prepare a contribution format income statement segmented by product lines.