Consider the following information for Vestibule's most recent year of operations. Number of units produced Number...
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Consider the following information for Vestibule's most recent year of operations. Number of units produced Number of units sold Sales price per unit Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit. Fixed manufacturing overhead per unit ($15,000+ 3,000 units) Total variable selling expenses ($1 per unit sold) Total fixed general and administrative expenses 3,000 2,800 $ 30.00 3.00 2.00 1.50 5.00 2,800.00 20,250.00 Required: 2-a. Complete a full absorption costing income statement for Vestibule. Assume there was no beginning inventory. 2-b. Complete a contribution margin income statement for Vestibule. Assume there was no beginning inventory. 3. Compute the difference in profit between full absorption costing and variable costing. Consider the following information for Vestibule's most recent year of operations. Number of units produced Number of units sold Sales price per unit Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit. Fixed manufacturing overhead per unit ($15,000+ 3,000 units) Total variable selling expenses ($1 per unit sold) Total fixed general and administrative expenses 3,000 2,800 $ 30.00 3.00 2.00 1.50 5.00 2,800.00 20,250.00 Required: 2-a. Complete a full absorption costing income statement for Vestibule. Assume there was no beginning inventory. 2-b. Complete a contribution margin income statement for Vestibule. Assume there was no beginning inventory. 3. Compute the difference in profit between full absorption costing and variable costing.
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133428704
15th edition
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
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