Question
Absorption costing income statement During the first month of operations ended March 31, IceBox Fridgeration Company manufactured 60,000 mini refrigerators, of which 54,000 were sold.
Absorption costing income statement
During the first month of operations ended March 31, IceBox Fridgeration Company manufactured 60,000 mini refrigerators, of which 54,000 were sold.
Operating data for the month are summarized as follows:
Al
Sales. $10.260.000.00
Manufacturing costs.
Direct materials. $5.100,000.00
Direct labor 1,800,000.00
Variable manufacturing cost 1,200,000.00
Fixed manufacturing cost. 840,000.00. 8,940,000.00
Variable. $972.000.00
Fixed. 324,000.00. 1,296,000.00
Absorption costing income statement
During the first month of operations ended March 31, IceBox Fridgeration Company manufactured 60,000 mini refrigerators, of which 54,000 were sold.
Operating data for the month are summarized as follows:
Al
Sales. $10.260.000.00
Manufacturing costs.
Direct materials. $5.100,000.00
Direct labor 1,800,000.00
Variable manufacturing cost 1,200,000.00
Fixed manufacturing cost. 840,000.00. 8,940,000.00
Variable. $972.000.00
Fixed. 324,000.00. 1,296,000.00
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
978-0134674681
