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Parish Drycleaners has capacity to clean up to 10,000 garments per month. BEE (Click the icon to view the cost schedule.) Assume that Parish
Parish Drycleaners has capacity to clean up to 10,000 garments per month. BEE (Click the icon to view the cost schedule.) Assume that Parish charges customers $13 per garment for dry cleaning. Prepare Parish's projected income statement if 4,240 garments are cleaned in March. First, prepare the income statement using the traditional format; then prepare Parish'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.) Parish Drycleaners Projected Income Statement Month Ended March 31 Dry cleaning revenue Less: Operating costs Data table 10,000 - Operating income (loss) 7,000 Garments 8,500 Garments Garments Total variable costs 6,650 $ 11,900 8,075 $ 11,900 9,500 11,900 Total fixed costs $ 18,550 $ 19,975 $ 21,400 Total operating costs Variable cost per garment 0.95 $ 1.70 0.95 $ 0.95 Fixed cost per garment 1.40 1.19 $ 2.65 $ 2.35 $ 2.14 Average cost per garment Print Done
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