Accounting Question

oznl1822
timer Asked: Aug 10th, 2017

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Problem 2-26 (Part Level Submission) Henley Horticulture provides and maintains live plants in office buildings. The company's 890 customers are charged $38 per month for this service, which includes weekly watering visits. The variable cost to service a customer's location is $19 per month. The company incurs $2,132 each month to maintain its fleet of four service vans and $3,028 each month in salaries. Henley pays a bookkeeping service $2 per customer each month to handle all invoicing and accounting functions. (a) Prepare Henley's contribution format income statement for the month. Per Unit Sales Revenue 33820 38 Variable Expenses Service Expense Bookkeeping Expense Total Variable Expenses Bookkeeping Expense Contribution Margin Fixed Expenses V Salaries Expense Vans Expense Operating Income $
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