Question
Lawn RX, Inc.: Complete a variable costing income statement for internal management Lawn RX provides a quarterly lawn care service that is sold for $155.
Lawn RX, Inc.: Complete a variable costing income statement for internal management Lawn RX provides a quarterly lawn care service that is sold for $155. The variable and fixed cost data are as follows: direct labor $100.00 Overhead Variable cost per unit $7 Fixed cost $100,000 Marketing, general and administrative Variable cost (per service contract completed) $8 Administrative expenses (fixed- per month) $42,000 During 2016, 10,000 service contracts were signed and 9,500 service contracts were completed. Lawn RX had no service contracts at the beginning of the year.
b. Calculate reported income for the bank. Do not use negative signs with anv answers
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