Exercise 1 9 - 3 ( Algo ) Income statement under absorption costing and variable costing LO
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Exercise Algo Income statement under absorption costing and variable costing LO P P
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Cool Sky reports the following for its first year of operations. The company produced units and sold units at a price of $ per unit.
Direct materials $ per unit
Direct labor $ per unit
Variable overhead $ per unit
Fixed overhead $ per year
Variable selling and administrative expenses $ per unit
Fixed selling and administrative expenses $ per year
Exercise Algo Part b
b Assume the company uses variable costing. Prepare its income statement for the year under variable costing.
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