rilla-Bracero e6 21a startExce File Insert Page Layout Formulas Data Review View
ID: 2594792 • Letter: R
Question
rilla-Bracero e6 21a startExce File Insert Page Layout Formulas Data Review View9Tel me what you want to do Home Calibri 12 ATA General Paste Clipboard A4 Formatting Tabl Styles Font Alignment Number Farnsworth Drycleaners has capacity to dlean up to 7,500 garments per month. The folliowing 1Cost Behavior 2 Prepare income statement in two formats Farnsworth Drycleaners has capacity to clean up to 7,500 garments per month. The following operating data is available 4 for Farnsworth. Amount charged per garment for dry cleaning Variable cost per garment Fixed costs per month $10.00 $0.70 $14,400 ol Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the 1 Instruction tab you will be marked wrong 3 Requirements 1 Using the traditional format, prepare Farnsworth's projected income statement for July assuming 4,260 garments are cleaned during the month. 4Explanation / Answer
Famsworth Drycleaners
Projected income statement
Month ended July 31
Particulars
$
Dry cleaning Revenue (4260*$10)
42600
Less: operating costs
-17382
($14,400+(4260*$0.70)]
Operating income
25218
Famsworth Drycleaners
Contribution Margin statement
Month ended July 31
Particulars
$
Dry cleaning Revenue (4260*$10)
42600
Variable cost: (4260*0.70)
-2982
Contribution
39618
Less: Fixed costs
-14400
Operating income
25218
Famsworth Drycleaners
Projected income statement
Month ended July 31
Particulars
$
Dry cleaning Revenue (4260*$10)
42600
Less: operating costs
-17382
($14,400+(4260*$0.70)]
Operating income
25218
Famsworth Drycleaners
Contribution Margin statement
Month ended July 31
Particulars
$
Dry cleaning Revenue (4260*$10)
42600
Variable cost: (4260*0.70)
-2982
Contribution
39618
Less: Fixed costs
-14400
Operating income
25218
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