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

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Accounting

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

Depreciation (straight-line) $1,400 per month
Advertising $100 per month
Insurance $4,875 per month
Weed and feed materials $21 per lawn
Direct labor $10 per lawn
Fuel $3 per lawn

Sheridan charges $85 per treatment for the average single-family lawn. For the month ended July 31, 2022, the company had total sales of $12,750.image

(a) Your answer is partially correct. Prepare a CVP income statement for the month ended July 31, 2022. SHERIDAN CVP Income Statement For the Month Ended July 31, 2022 Total Per Unit Percent of Sales Sales $ 12750 $ 85 Variable Costs Contribution Margin $ Fixed Costs Net Income/(Loss) $

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