Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged products - Weedban and Greengrow. Revenue and cost information relating to the products follow: \begin{tabular}{|c|c|c|} \hline & \multicolumn{2}{|c|}{ Product } \\ \hline & Weedban & Greetngrou \\ \hline selling price per unft & \$ 11.00 & 536.00 \\ \hline Variable expenses per unit & 32,30 & \$ 11.00 \\ \hline Traceable fixed expenses per year & 5. 134,000 &$50,000\\ \hline \end{tabular} Last year the company produced and sold 42,000 units of Weedban and 17,500 units of Greengrow. Its annual common fixed expenses are$97,000. Required: Prepare a contribution format income statement segmented by product lines. \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Product Line } \\ \hline \end{tabular}

Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged products - Weedban and Greengrow. Revenue and cost information relating to the products follow: Last year the company produced and sold 42,000 units of Weedban and 17,500 units of Greengrow. Its annual common fixed expenses are $97.000. Required: Prepare a contribution format income statement segmented by product lines