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

Variable and Absorption Costing-Service Company
Lawn RX, Inc. prepares a variable costing income statement for internal management and an absorption costing income statement for its bank. Lawn RX provides a quarterly lawn care service that is sold for $175. The variable and fixed cost data are as follows:
Direct labor $100.00
Overhead
Variable cost per unit $23.00
Fixed cost $100,000
Marketing, general and administrative
Variable cost (per service contract completed) $24.00
Administrative expenses (fixed- per month) $42,000Variable and Absorption Costing-Service Company
During 2016,10,000 senvice contracts were signed and 9,500 service cantracts were compicecd. Lawn fX had no service contracts at the beginning of the year.
Coloulate reported income for management.
Do noc use negative signa with any anawers.
b. Caiculate reported income for the bonk.
Do noc use negative signt with any answers.
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