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Price Drycleaners has capacity to clean up to 12,000 garments per month. View the cost...

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Accounting

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Price Drycleaners has capacity to clean up to 12,000 garments per month. View the cost schedule. Assume that Price charges customers $9 per garment for dry cleaning. Prepare Price's projected income statement if 4,240 garments are cleaned in July. First, prepare the income statement using the traditional format; then prepare Price's contribution margin income statement. Begin by preparing the projected income statement using the traditional format. (Round your answers to the nearest whole dollar. Enter losses with parentheses or a minus sign.) Cost scheaule

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