Service Company Lawn RX, Inc. provides a quarterly lawn care service that is sold for $140....
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Service Company Lawn RX, Inc. provides a quarterly lawn care service that is sold for $140. The variable and fixed cost data are as follows: $ Direct labor 80.00 Overhead: Variable cost per unit 5.00 $ Fixed cost 100,000 Marketing, general, and administrative: Variable cost (per contract $ 6.00 completed) Administrative expense (fixed) (per $ month) 42,000 During 2019, 10,000 service contracts were signed and 9,800 service contracts were completed. Lawn RX had no service contracts at the beginning of the year. What is the reported income for management? $ O $340,200 $338,200 $441,000 $480,200 Service Company Lawn RX, Inc. provides a quarterly lawn care service that is sold for $140. The variable and fixed cost data are as follows: $ Direct labor 80.00 Overhead: Variable cost per unit 5.00 $ Fixed cost 100,000 Marketing, general, and administrative: Variable cost (per contract $ 6.00 completed) Administrative expense (fixed) (per $ month) 42,000 During 2019, 10,000 service contracts were signed and 9,800 service contracts were completed. Lawn RX had no service contracts at the beginning of the year. What is the reported income for management? $ O $340,200 $338,200 $441,000 $480,200
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b Sales Cost of goods sold Beginning inventory Variable costs 10000805 Le... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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