Zion Pool Cleaning Service provides pool cleaning services to residential customers. The company has three employees, each assigned to specific customers. The company considers each employee's territory as a business segment. The company incurs variable costs that include the employees' wages, pool chemicals, and gas for the service vans. Fixed costs include depreciation on the service vans. Following is the income statement for the month of July: (Click the icon to view the income statement.) Data table Service Revenue Variable Costs Contribution Margin Fixed Costs Operating Income Zion Pool Cleaning Service Income Statement For the Month Ended July 31, 2024 Borden. Molden $ 1,200 $ 720 480 2,700 $ 1,080 1,620 Fanning 900 $ 630 270 $ Total - X 4,800 2,430 2,370 2,000 370

Zion Pool Cleaning Service provides pool cleaning services to residential customers. The company has three employees, each assigned to specific customers. The company considers each employee's territory as a business segment. The company incurs variable costs that include the employees' wages, pool chemicals, and gas for the service vans. Fixed costs include depreciation on the service vans. Following is the income statement for the month of July: (Click the icon to view the income statement.) Data table Service Revenue Variable Costs Contribution Margin Fixed Costs Operating Income Zion Pool Cleaning Service Income Statement For the Month Ended July 31, 2024 Borden. Molden $ 1,200 $ 720 480 2,700 $ 1,080 1,620 Fanning 900 $ 630 270 $ Total - X 4,800 2,430 2,370 2,000 370

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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