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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)$1,500per month
Advertising$350per month
Insurance$3,610per month
Weed and feed materials$20per lawn
Direct labor$7per lawn
Fuel$1per 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
CVP Income Statement

choose the accounting period July 31, 2022For the Quarter Ended July 31, 2022For the Month Ended July 31, 2022

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 amountenter 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 amountenter 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 unitenter 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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