Question
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 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started