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Perreth Dry Cleaners has capacity to clean up to 7 500 garments per month (Click the icon to view the cost schedule.) Assume that Perreth
Perreth Dry Cleaners has capacity to clean up to 7 500 garments per month (Click the icon to view the cost schedule.) Assume that Perreth charges customers $7 per garment for dry cleaning Prepare Perreth's projected income statement if 4,360 garments are deaned in March. First, prepare the income statement using the traditional format, then prepare Perrett's contribution margin income statement Begin by preparing the projected income statement using the traditional format Perreth Dry Cleaners Projected Income Statement Month Ended March 31 Next, complete the projected contribution margin income statement Perreth Dry Cleaners Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search RI O ENG 0 4:45 PM 2020-07-17 Perreth Dry Cleaners Projected Contribution Margin Income Statement Month Ended March 31 Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later O O Type here to search f w dry cleaning First, prepare the 6,000 7,500 4,500 Garments Garments Garments $ Total variable costs Total fixed costs 6.000 3.600 $ 14,400 4,800 $ 14,400 14.400 $ 18,000 $ 19,200 $ tement. 20 400 Total operating costs py Cleaners 0.80 $ 0.80 Jin Income led Warch 3 Variable cost per garment. $ Fixed cost per garment 0.80 $ 2.40 3.20 192 $ 400 $ 3.20 $ 2.72 Average cost per garment Print Done ds and then preparing the projected income statement using the traditional format. Perreth Dr Projected Inco Month Ende Dry cleaning revenue Gross profit Less: Fixed costs Less: Operating costs Less: Variable costs SE Operating income (loss) Payroll costs ve Sales commissions 1 Type here to search it . ? % 3 s Question: 1 pt Perreth's proje rreth C Contribution margin ssume Dry cleaning revenue repare Gross profit e Less: Fixed costs ext, at Less: Operating costs Less: Variable costs Operating income (loss) Payroll costs Sales commissions Dry Cleaners Income Statem ded March 31 Choose from any list or enter any number in the input fields and then continue to the next que: Save for Later Type here to search o m? 2 3 4 5
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