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Oriole Horticulture provides and maintains live plants in office buildings. The companys 868customers are charged $35 per month for this service, which includes weekly watering

Oriole Horticulture provides and maintains live plants in office buildings. The companys 868customers are charged $35 per month for this service, which includes weekly watering visits. The variable cost to service a customers location is $17 per month. The company incurs $2,044 each month to maintain its fleet of four service vans and $3,140 each month in salaries. Oriole pays a bookkeeping service $2 per customer each month to handle all invoicing and accounting functions.

Prepare Orioles contribution format income statement for the month.

Per Unit

select an income statement item Variable ExpensesTotal Fixed ExpensesOperating IncomeSalaries ExpenseVans ExpenseBookkeeping ExpenseTotal Variable ExpensesSales RevenueContribution MarginService ExpenseFixed Expenses

$enter a dollar amount $enter a dollar amount

select an opening section name Service ExpenseBookkeeping ExpenseVariable ExpensesTotal Fixed ExpensesContribution MarginVans ExpenseSales RevenueSalaries ExpenseTotal Variable ExpensesFixed ExpensesOperating Income:

select an income statement item Sales RevenueOperating IncomeBookkeeping ExpenseFixed ExpensesService ExpenseTotal Variable ExpensesVariable ExpensesContribution MarginTotal Fixed ExpensesVans ExpenseSalaries Expense

$enter a dollar amount enter a dollar amount

select an income statement item Total Fixed ExpensesVariable ExpensesSalaries ExpenseBookkeeping ExpenseSales RevenueFixed ExpensesOperating IncomeVans ExpenseTotal Variable ExpensesContribution MarginService Expense

enter a dollar amount enter a dollar amount

select a closing section name Operating IncomeSales RevenueVariable ExpensesContribution MarginSalaries ExpenseTotal Fixed ExpensesService ExpenseTotal Variable ExpensesBookkeeping ExpenseFixed ExpensesVans Expense

enter a total amount for section one enter a total amount per unit for section one

select a summarizing line for the first part Bookkeeping ExpenseOperating IncomeContribution MarginTotal Variable ExpensesVariable ExpensesTotal Fixed ExpensesSales RevenueService ExpenseSalaries ExpenseVans ExpenseFixed Expenses

enter a total amount for the first part $enter a total amount per unit for the first part

select an opening name for section two Contribution MarginOperating IncomeTotal Variable ExpensesService ExpenseSales RevenueTotal Fixed ExpensesFixed ExpensesVans ExpenseBookkeeping ExpenseSalaries ExpenseVariable Expenses

select an income statement item Sales RevenueContribution MarginBookkeeping ExpenseFixed ExpensesTotal Fixed ExpensesVans ExpenseSalaries ExpenseTotal Variable ExpensesService ExpenseOperating IncomeVariable Expenses

enter a dollar amount

select an income statement item Salaries ExpenseTotal Variable ExpensesBookkeeping ExpenseService ExpenseFixed ExpensesContribution MarginSales RevenueTotal Fixed ExpensesOperating IncomeVariable ExpensesVans Expense

enter a dollar amount

select a closing name for section two Total Variable ExpensesFixed ExpensesVariable ExpensesSalaries ExpenseTotal Fixed ExpensesOperating IncomeSales RevenueVans ExpenseContribution MarginService ExpenseBookkeeping Expense

enter a total amount for section two

select a closing name for this statement Operating IncomeVans ExpenseTotal Variable ExpensesService ExpenseSales RevenueBookkeeping ExpenseTotal Fixed ExpensesContribution MarginSalaries ExpenseFixed ExpensesVariable Expenses

$enter a total amount for this statement

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