Question: Lawn RX, Inc.: Complete a variable costing income statement for internal management Lawn RX provides a quarterly lawn care service that is sold for $155.

Lawn RX, Inc.: Complete a variable costing income statement for internal management Lawn RX provides a quarterly lawn care service that is sold for $155. The variable and fixed cost data are as follows: direct labor $100.00 Overhead Variable cost per unit $7 Fixed cost $100,000 Marketing, general and administrative Variable cost (per service contract completed) $8 Administrative expenses (fixed- per month) $42,000 During 2016, 10,000 service contracts were signed and 9,500 service contracts were completed. Lawn RX had no service contracts at the beginning of the year.

Lawn RX, Inc.: Complete a variable costing income statement for internal management

b. Calculate reported income for the bank. Do not use negative signs with anv answers

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