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Farnsworth Drycleaners has capacity to clean up to 1500 garments per month. @ {Click the icon to View the cost schedule.) Assume that :arnsworth charges
Farnsworth Drycleaners has capacity to clean up to 1500 garments per month. @ {Click the icon to View the cost schedule.) Assume that :arnsworth charges customers $10 per garment for dry cleaning. Prepare :arnswonh's projected income statement if 4,260 garments are cleaned in July. First, prepare the income statement using the traditional format; then prepare Famsworth's contribution margin income statement. Begin by preparing the projected income statement using the traditional format. (Round your answers to the nearest whole dollar. Enter losses with parentheses or a minus sign.) Farnsworth Drycleanere Projected Income Statement Month Ended July 31 || | ; Data table Total variable costs Total fixed costs Total operating costs Variable cost per garment Fixed cost per garment Average cost per garment $ 4,500 Garments 3.150 5 14.400 17.550 5 0T0 S 3.20 3.90 3 6,000 Garments 4,200 $ 14,400 18,600 $ 0.70 $ 2.40 3.10 $ ?,500 Garments 5.250 14.400 19.650 0T0 1.92 2.62
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