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Discon Corporation manufactures a popular doll called Teardrops, Last year the company started with 11,900 dolls, produced 300,000 dolls, and ended the year with 9,900
Discon Corporation manufactures a popular doll called Teardrops, Last year the company started with 11,900 dolls, produced 300,000 dolls, and ended the year with 9,900 dolls. Each doll was sold for $24. The actual unit cost for Teardrops is given below: The only selling expenses were a commission of $2 per unit sold and advertising amounting to $369,000. Administrative expenses, all fixed, equalled $289.000 There were no beginning and ending work-in-process inventories Required: 1. Prepare an income statement. 2. Calculate the following per unit costs: (Round your answers to 2 decimal places.)
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