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eBook Income Statement Dean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-deaning service. Each cleaning (cleaning one house one time)

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eBook Income Statement Dean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-deaning service. Each cleaning (cleaning one house one time) takes a toam of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings Direct materials Direct labor $475,000 Variable overhead 15,000 Fixed overhead 18,000 Next year, HH expects to purchase $26,600 of direct materials, Projected beginning and ending inventories for direct materials are as follows: Direct Materials Inventory Beginning $4,000 Ending 2,600 There is no work in process inventory and no finished goods inventory in other words adening started and completed on the same day expect to 15.000 ceanings at a price of $50 each next year. Total selling expenses projected at $21,000, and total administrative expense is projected at $3,000, Required: 1. Prepare an income statement in good form Happy Home Helpers, Inc. Income Statement For the Coming Year Lindberes

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