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Crane Horticulture provides and maintains live plants in office buildings. The company's 872 customers are charged $ 37 per month for this service, which includes
Crane Horticulture provides and maintains live plants in office buildings. The company's 872 customers are charged $ 37 per month for this service, which includes weekly watering visits. The variable cost to service a customer's location is $ 17 per month. The company incurs $ 2,034 each month to maintain its fleet of four service vans and $3,300 each month in salaries. Crane pays a bookkeeping service $2 per customer each month to handle all invoicing and accounting functions. (a) Your answer is partially correct. Prepare Crane's contribution format income statement for the month. Per U Sales Revenue $ 37 $ Variable Expenses Service Expense $ 17 Bookkeeping Expense 2 LUUU Total Variable Expenses 19 Contribution Margin 18 Fixed Expenses Vans Expense 2034 i Salaries Expense 3300 i Total Fixed Expenses 5334 i Operating Income 10162 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit
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