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5. The following information is available for Molloy Corporation: Sales price per unit Direct materials per unit Direct labor per unit Variable factory overhead
5. The following information is available for Molloy Corporation: Sales price per unit Direct materials per unit Direct labor per unit Variable factory overhead per unit $60 $5 particular ar$10 $12 Variable selling and administrative expenses per unit the $3 Total fixed selling and administrative expenses Total fixed manufacturing expenses Manufactured Sold Beginning inventory $120,000 $140,000 Sales 20,000 units 18,000 units O units Required: ted Prepare an income statement:d A. Full absorption B. Variable costing the C. Reconcile the two income statements
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