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Exerade produced 14,000 cases of powdered drink mix and sold 13,000 cases in April 2018. The sales price was $27, variable costs were 515 per
Exerade produced 14,000 cases of powdered drink mix and sold 13,000 cases in April 2018. The sales price was $27, variable costs were 515 per case (S10 manufacturing and $5 selling and administrative), and total fixed costs were 580,000 (S56,000 manufacturing overhead and $24,000 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 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 Exen (S56. Cost of Goods Sold: d 13,000 cases in April 2018. The sales price was $27, variable costs were $15 per case ($10 manufacturing and S5 selling and administrative), and total fixed costs were $80,000 inistrative). The company had no beginning Finished Goods Inventory Roac Fixed Costs: Fixed Manufacturing Costs Reqi able costing Fixed Selling and Administrative Costs Gross Profit Net Sales Revenue Selling and Administrative Costs: Variable Costs: Variable Manufacturing Overhead Variable Selling and Administrative Costs 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
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