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Consider the following information for Vestibule's most recent year of operations. Number of units produced 3,666 Number of units sold 2,866 Sales price per unit
Consider the following information for Vestibule's most recent year of operations. Number of units produced 3,666 Number of units sold 2,866 Sales price per unit $ 36.66 Direct materials per unit 3.66 Direct labor per unit 2.66 Variable manufacturing overhead per unit 1.56 Fixed manufacturing overhead per unit ($15,666 + 3,666 units) 5.66 Total variable selling expenses ($1 per unit sold) 2,866.66 Total fixed general and administrative expenses 26,256.66 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 Iwas no beginning inventory. 3. Compute the difference in profit between full absorption costing and variable costing. Complete this question by entering your answers in the tabs below. Req 23 Reg 3 Complete a full absorption costing income statement for Vestibule. Assume there was no beginning inventory. Cost of Goods Sold _ 'eginning Inventory _ Gross Margin Less: NonManufacturing Expenses _ Variable Selling Expenses _ Contribution Margin _ Fixed General and Administrative Expense _ Net Operating Income _
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