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ExerAde produced 10,000 cases of powdered drink mix and sold 9,000 cases in April 2018. The sales price was $30, variable costs were $9 per
ExerAde produced 10,000 cases of powdered drink mix and sold 9,000 cases in April 2018. The sales price was $30, variable costs were $9 per case ($7 manufacturing and $2 selling and administrative), and total fixed costs were $75,000 ($60,000 manufacturing overhead and $15,000 selling and administrative). The company had no beginning Finished Goods Inventory. Read the requirements. Requirement 1. Prepare the April income statement using variable costing. ExerAde Income Statement (Variable Costing) Month Ended April 30, 2018 MI Operating Income Requirement 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30. The cost per unit is $ and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30 is $ Contribution Margin Cost of Goods Sold: Fixed Costs: Fixed Manufacturing Costs Fixed Selling and Administrative Costs Gross Profit Net Sales Revenue Selling and Administrative Costs: Variable Costs: Variable Manufacturing Overhead nd the total cost of Variable Selling and Administrative Costs The cost per unit is $ and the total cost of the 1,000 cases in Fir
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