Royal Lawncare Company produces and sells two packaged products,Weedban and Greengrow. Revenue and cost information relating to theproducts follow: ProductWeedbanGreengrow Sellingprice per unit$9.00$38.00 Variable expensesper unit$2.30$11.00 Traceable fixedexpenses per year$129,000$49,000 Common fixed expenses in the company total $115,000 annually.Last year the company produced and sold 43,500 units of Weedban and19,500 units of Greengrow. Required:Prepare a contribution format income statement segmented byproduct lines.
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