Blossom provides environmentally friendly lawn services for homeowners. Its operating costs are as follows.

Depreciation (straight-line)		$1,500	per month
Advertising		$350	per month
Insurance		$3,610	per month
Weed and feed materials		$20	per lawn
Direct labor		$7	per lawn
Fuel		$1	per lawn

Blossom charges $80 per treatment for the average single-family lawn. For the month ended July 31, 2022, the company had total sales of $9,600.

(a) Prepare a CVP income statement for the month ended July 31, 2022.

BLOSSOM CVP Income Statement choose the accounting period July 31, 2022For the Quarter Ended July 31, 2022For the Month Ended July 31, 2022
		Total		Per Unit		Percent of Sales
select an income statement item Variable CostsCost of Goods SoldSalesSelling ExpensesAdministrative ExpensesGross ProfitNet Income/(Loss)Contribution MarginFixed Costs		$enter a dollar amount		$enter a dollar amount		enter percentages %
select an income statement item Cost of Goods SoldVariable CostsFixed CostsSelling ExpensesNet Income/(Loss)Gross ProfitAdministrative ExpensesContribution MarginSales		enter a dollar amount		enter a dollar amount		enter percentages %
select a summarizing line for the first part Cost of Goods SoldVariable CostsContribution MarginSelling ExpensesGross ProfitSalesNet Income/(Loss)Fixed CostsAdministrative Expenses		enter a total amount for the first part		$enter a total amount per unit		enter total percentages %
select an income statement item Net Income/(Loss)Fixed CostsContribution MarginAdministrative ExpensesSelling ExpensesSalesGross ProfitVariable CostsCost of Goods Sold		enter a dollar amount
select a closing name for this statement SalesNet Income/(Loss)Variable CostsGross ProfitContribution MarginSelling ExpensesFixed CostsCost of Goods SoldAdministrative Expenses		$enter a total net income or loss amount

Answer rating: 100% (QA)

BLOSSOM CVP Income Statement For the year ended July 312022 Total Units ... View the full answer