AJ Manufacturing Company Incurred $50,500 of fixed product cost and $40 400 of variable product cost during its first year of operation Also during its first year, AJ Incurred $16,150 of fixed and $13,100 of variable selling and administrative costs The company sold all of the units It produced for $162,000 Required a Prepare an Income statement using the format required by generally accepted accounting Principles (GAAP) AJ MANUFACTURING COMPANY Income Statement b Prepare an Income statement using the contribution margin approach AJ MANUFACTURING COMPANY Income Statement

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AJ Manufacturing Company Incurred $50,500 of fixed product cost and $40 400 of variable product cost during its first year of operation  Also during its first year, AJ Incurred $16,150 of fixed and $13,100 of variable selling and administrative costs  The company sold all of the units It produced for $162,000  Required a  Prepare an Income statement using the format required by generally accepted accounting Principles (GAAP)  AJ MANUFACTURING COMPANY Income Statement b  Prepare an Income statement using the contribution margin approach  AJ MANUFACTURING COMPANY Income Statement

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AJ Manufacturing Company Incurred $50,500 of fixed product cost and $40.400 of variable product cost during its first year of operation. Also during its first

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