Question
During 2022, Oriole Corp. produced 39,300 units and sold 39,300 for $17 per unit. Variable manufacturing costs were $5 per unit. Annual fixed manufacturing overhead
During 2022, Oriole Corp. produced 39,300 units and sold 39,300 for $17 per unit. Variable manufacturing costs were $5 per unit. Annual fixed manufacturing overhead was $117,900 ($3 per unit). Variable selling and administrative costs were $3 per unit sold, and fixed selling and administrative expenses were $19,800. Prepare a variable-costing income statement.
OrioleCorp. Income StatementVariable Costing choose the accounting period December 31, 2022For the Month Ended December 31, 2022For the Year Ended December 31, 2022 | |||||
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select an income statement item Total fixed costsVariable selling and administrative expensesSalesFixed manufacturing overheadTotal variable costsFixed selling and administrative expensesVariable costsContribution marginVariable cost of goods soldOperating incomeFixed costs | $enter a dollar amount | ||||
select between addition and deduction AddLess: select an opening name for section one Variable selling and administrative expensesOperating incomeSalesFixed selling and administrative expensesVariable cost of goods soldVariable costsContribution marginFixed manufacturing overheadFixed costsTotal variable costsTotal fixed costs | |||||
select an income statement item Variable costsContribution marginFixed selling and administrative expensesTotal variable costsSalesTotal fixed costsVariable selling and administrative expensesVariable cost of goods soldFixed manufacturing overheadOperating incomeFixed costs | $enter a dollar amount | ||||
select an income statement item Operating incomeSalesVariable selling and administrative expensesTotal fixed costsFixed manufacturing overheadFixed costsFixed selling and administrative expensesTotal variable costsVariable cost of goods soldVariable costsContribution margin | enter a dollar amount | ||||
select a closing name for section one Variable selling and administrative expensesSalesTotal fixed costsFixed selling and administrative expensesContribution marginFixed manufacturing overheadFixed costsOperating incomeVariable costsTotal variable costsVariable cost of goods sold | enter a total amount for section one | ||||
select a summarirzing line for the first part Operating incomeFixed costsVariable cost of goods soldFixed selling and administrative expensesVariable selling and administrative expensesSalesContribution marginFixed manufacturing overheadTotal variable costsVariable costsTotal fixed costs | enter a total amount for the first part | ||||
select between addition and deduction AddLess: select an opening name for section two Operating incomeVariable costsTotal fixed costsSalesContribution marginFixed costsFixed manufacturing overheadFixed selling and administrative expensesVariable selling and administrative expensesVariable cost of goods soldTotal variable costs | |||||
select an income statement item Fixed costsFixed manufacturing overheadFixed selling and administrative expensesOperating incomeVariable cost of goods soldTotal fixed costsContribution marginVariable selling and administrative expensesVariable costsTotal variable costsSales | enter a dollar amount | ||||
select an income statement item Variable cost of goods soldSalesVariable costsFixed manufacturing overheadFixed costsVariable selling and administrative expensesContribution marginTotal fixed costsOperating incomeFixed selling and administrative expensesTotal variable costs | enter a dollar amount | ||||
select a closing name for section two Variable costsFixed manufacturing overheadTotal fixed costsFixed costsTotal variable costsVariable cost of goods soldOperating incomeFixed selling and administrative expensesContribution marginSalesVariable selling and administrative expenses | enter a total amount for section two | ||||
select a closing name for this statement SalesTotal fixed costsVariable selling and administrative expensesFixed manufacturing overheadTotal variable costsOperating incomeVariable cost of goods soldFixed costsContribution marginVariable costsFixed selling and administrative expenses | $enter a total amount for this statement |
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