Prepare a contribution format income statement segmented

Reference no: EM133542088

Basic Segmented Income Statement

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

	Product
	Weedban	Greengrow
Selling price per unit	$ 9.00	$ 34.00
Variable expenses per unit	$ 2.50	$ 14.00
Traceable fixed expenses per year	$ 134,000	$ 36,000

Last year the company produced and sold 37,500 units of Weedban and 22,500 units of Greengrow. Its annual common fixed expenses are $102,000.

Required:

Prepare a contribution format income statement segmented by product lines.

Reference no: EM133542088

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