Question
PharoahHorticulture provides and maintains live plants in office buildings. The company's916customers are charged $32per month for this service, which includes weekly watering visits. The variable
PharoahHorticulture provides and maintains live plants in office buildings. The company's916customers are charged $32per month for this service, which includes weekly watering visits. The variable cost to service a customer's location is $19per month. The company incurs $2,490each month to maintain its fleet of four service vans and $3,392each month in salaries.Pharoahpays a bookkeeping service $2per customer each month to handle all invoicing and accounting functions.
(a)
PreparePharoah's contribution format income statement for the month.
Per Unit
select an income statement item
Operating Income
Variable Expenses
Service Expense
Total Variable Expenses
Sales Revenue
Salaries Expense
Contribution Margin
Fixed Expenses
Vans Expense
Total Fixed Expenses
Bookkeeping Expense
$
enter a dollar amount
$
enter a dollar amount
select an opening section name
Variable Expenses
Vans Expense
Salaries Expense
Sales Revenue
Total Variable Expenses
Service Expense
Total Fixed Expenses
Contribution Margin
Fixed Expenses
Operating Income
Bookkeeping Expense
:select an income statement item
Sales Revenue
Operating Income
Contribution Margin
Service Expense
Salaries Expense
Vans Expense
Variable Expenses
Total Fixed Expenses
Fixed Expenses
Bookkeeping Expense
Total Variable Expenses
$
enter a dollar amount
enter a dollar amount
select an income statement item
Contribution Margin
Operating Income
Total Variable Expenses
Bookkeeping Expense
Sales Revenue
Vans Expense
Variable Expenses
Fixed Expenses
Service Expense
Total Fixed Expenses
Salaries Expense
enter a dollar amount
enter a dollar amount
select a closing section name
Total Variable Expenses
Sales Revenue
Contribution Margin
Operating Income
Total Fixed Expenses
Service Expense
Fixed Expenses
Bookkeeping Expense
Variable Expenses
Vans Expense
Salaries 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
Total Variable Expenses
Variable Expenses
Vans Expense
Contribution Margin
Sales Revenue
Bookkeeping Expense
Service Expense
Salaries Expense
Operating Income
Total Fixed Expenses
Fixed 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
Bookkeeping Expense
Salaries Expense
Variable Expenses
Sales Revenue
Vans Expense
Fixed Expenses
Contribution Margin
Total Fixed Expenses
Service Expense
Operating Income
Total Variable Expenses
select an income statement item
Service Expense
Sales Revenue
Operating Income
Total Variable Expenses
Bookkeeping Expense
Salaries Expense
Variable Expenses
Fixed Expenses
Total Fixed Expenses
Vans Expense
Contribution Margin
enter a dollar amount
select an income statement item
Service Expense
Sales Revenue
Bookkeeping Expense
Total Variable Expenses
Vans Expense
Variable Expenses
Contribution Margin
Total Fixed Expenses
Salaries Expense
Operating Income
Fixed Expenses
enter a dollar amount
select a closing name for section two
Vans Expense
Fixed Expenses
Variable Expenses
Bookkeeping Expense
Operating Income
Sales Revenue
Total Variable Expenses
Salaries Expense
Service Expense
Contribution Margin
Total Fixed Expenses
enter a total amount for section two
select a closing name for this statement
Service Expense
Salaries Expense
Bookkeeping Expense
Variable Expenses
Total Variable Expenses
Total Fixed Expenses
Fixed Expenses
Operating Income
Vans Expense
Sales Revenue
Contribution Margin
$
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