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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 Greengrow $8.36.8 $ 3.1 11.88 $135,8 45,888 Common fixed expenses In the company total $106,000 annually. Last year the company produced and sold 44,000 units of Weedban and 23,000 units of Greengrow. Required Prepare a contribution format Income statement segmented by product lines. Product Line Total Company Weedban Greengrow

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Ans.                                                      Statement of Income Contribution

                                                         Weedban                     Greengrow           Total

Sales                                             352000                            828000                1180000

Variable cost                               (136400)                          (253000)              (389400)

Contribution                                 215600                            575000                790600

* Contribution will come after deducting variable cost from Sales in that we are not considering Fixed cost wheather it is traceable or not

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