Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating...

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Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban $ 8.00 $ 2.80 $ 128,000 Greengrow $ 37.00 $ 11.00 $ 44,000 Last year the company produced and sold 37,500 units of Weedban and 24,500 units of Greengrow. Its annual common fixed expenses are $108,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Product Line Total Weedban Greengrow Company 0 0 0 0 $ 0 $ 0 Common fixed expenses not traceable to products Net operating income $ 0 Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban $ 8.00 $ 2.80 $ 128,000 Greengrow $ 37.00 $ 11.00 $ 44,000 Last year the company produced and sold 37,500 units of Weedban and 24,500 units of Greengrow. Its annual common fixed expenses are $108,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Product Line Total Weedban Greengrow Company 0 0 0 0 $ 0 $ 0 Common fixed expenses not traceable to products Net operating income $ 0