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Price Drycleaners has capacity to clean up to 10,000 garments per month. Assume that Price charges customers $9 per garment for dry cleaning. Prepare Price's
Price Drycleaners has capacity to clean up to 10,000 garments per month. Assume that Price charges customers $9 per garment for dry cleaning. Prepare Price's projected income statement if 4,220 garments are cleaned in March. First, prepare the income statement using the traditional format; then prepare Price's contribution margin income statement. Begin by preparing the projected income statement using the traditional format
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