Homework: Ch. 8 Cost Behavior Score: 0.25 of 1 pt | 2016(4 complete) HW Score: 4

Question

Homework: Ch. 8 Cost Behavior Score: 0.25 of 1 pt | 2016(4 complete) HW Score: 42%, 2.52 of 6 pts &E6-22A; (similar to) Petrov Drycleaners has capacity to clean up to 10,000 garments per month. (Click the icon to view the cost schedule.) $5 per garment for dry dleaning. prepare the income statement using the traditional format, then prepare Petrov's contribution margin income statement. Dry S 21,400 15,752 S 5,648 Next complete the projected contribution margin income statement. (Round Projected Contribution Margin Income Statement Choose from any list or enter any number in the input fields and then click Check Answer. Clear All All parts showing

Explanation / Answer

Please note all values arein $.

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output/Drycleaning 4280 Income Statement Amt. $ Dry Cleaning Revenue @ $5 21400 less Operating cost (4280*0.9 + 11900) 15752 Operating income 5648

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