# 3: Anderson Corporation Anderson Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions (cost per unit) Variable administrative expense Fixed selling and administrative expense Cost per Cost per Unit Period $ 6.00 $ 3.35 $ 1.75 $ 1.00 $ 0.40 $ 8,800 $ 4,000 Assuming a production level of 5000 units, answer the following: What are the prime costs? What are the conversion costs? What are the product costs? What are the period costs? Assume Absorption Costing (Chapter 7) and a selling price of $75/unit. Prepare a traditional format income statement for the period.

\#3: Anderson Corporation Anderson Corporation has provided the following information: Assuming a production level of 5000 units, answer the following: What are the prime costs? What are the conversion costs? What are the product costs? What are the period costs? Assume Absorption Costing (Chapter 7) and a selling price of $75/ unit. Prepare a traditional format income statement for the period