Question
Blossom provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation (straight-line) $1,500 per month Advertising $350 per month Insurance $3,610
Blossom provides environmentally friendly lawn services for homeowners. Its operating costs are as follows.
Depreciation (straight-line) | $1,500 | per month | |
Advertising | $350 | per month | |
Insurance | $3,610 | per month | |
Weed and feed materials | $20 | per lawn | |
Direct labor | $7 | per lawn | |
Fuel | $1 | per lawn |
Blossom charges $80 per treatment for the average single-family lawn. For the month ended July 31, 2022, the company had total sales of $9,600.
(a) Prepare a CVP income statement for the month ended July 31, 2022.
BLOSSOM | ||||||
---|---|---|---|---|---|---|
Total | Per Unit | Percent of Sales | ||||
select an income statement item Variable CostsCost of Goods SoldSalesSelling ExpensesAdministrative ExpensesGross ProfitNet Income/(Loss)Contribution MarginFixed Costs | $enter a dollar amount | $enter a dollar amount | enter percentages % | |||
select an income statement item Cost of Goods SoldVariable CostsFixed CostsSelling ExpensesNet Income/(Loss)Gross ProfitAdministrative ExpensesContribution MarginSales | enter a dollar amount | enter a dollar amount | enter percentages % | |||
select a summarizing line for the first part Cost of Goods SoldVariable CostsContribution MarginSelling ExpensesGross ProfitSalesNet Income/(Loss)Fixed CostsAdministrative Expenses | enter a total amount for the first part | $enter a total amount per unit | enter total percentages % | |||
select an income statement item Net Income/(Loss)Fixed CostsContribution MarginAdministrative ExpensesSelling ExpensesSalesGross ProfitVariable CostsCost of Goods Sold | enter a dollar amount | |||||
select a closing name for this statement SalesNet Income/(Loss)Variable CostsGross ProfitContribution MarginSelling ExpensesFixed CostsCost of Goods SoldAdministrative Expenses | $enter a total net income or loss amount |
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