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PLEASE URGENT Variable and Absorption Costing-Service Company Lawn RX, Inc. prepares a variable costing income statement for internal mnagement and an absorption costing income statement

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Variable and Absorption Costing-Service Company Lawn RX, Inc. prepares a variable costing income statement for internal mnagement and an absorption costing income statement for its bank. Lawn RX provides a quarterly lawn care service that is sold for $155. The variable and fixed cost data are as follows: Direct labor 100.00 Overhed Variable cost per unit Fixed cost Marketing, general and administratiwe Varlable cost (per service contract completed) dministrative expenses (fisxed per monthl $7 100,000 58 42,000 During 2016, 10,000 service contracts were signed and 9,500 service contracts were completed. Lawn RX had no service contracts at the beginning of the year a. Calculate reported income for management Do not use negative signs with any answers Abserption Costing Inceme Statement Sales s 1,472,500 Cost of Goods Sold Beginning Inventory Variable Costs 76,000 Fixed Cost 100,000

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