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During 2030, Basler Manufacturing produced 60,000 units and sold 55,000 for $10 per unit. Variable manufacturing costs were $5 per unit. Annual fixed manufacturing
During 2030, Basler Manufacturing produced 60,000 units and sold 55,000 for $10 per unit. Variable manufacturing costs were $5 per unit. Annual fixed manufacturing overhead was $120,000 ($2 per unit). Variable selling and administrative costs were $1 per unit sold, and fixed selling and administrative costs were $30,000. Prepare an absorption costing income statement. Round answers to 2 decimal places, e.g. 12.25. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Absorption Costing Income Statement Balser Manufacturing Income Statement (Absorption Costing) Sales Cost of Goods Sold Gross Profit/Margin Variable Selling and Administrative Expenses Fixed Selling and Administrative Expenses Net Income / (Loss)
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