Question
Feeling ignored by Campbell's Chunky soup, Cam Newton teamed up with the Duchess of Cornwall Camilla Parker Bowles to start his own soup company Cam
Feeling ignored by Campbell's Chunky soup, Cam Newton teamed up with the Duchess of Cornwall Camilla Parker Bowles to start his own soup company Cam Bowles Soup Company.
The company has found success from products such a black hard plastic spoon named "The Souperman Spoon".
The sales price is $12.95/unit
Beginning Inventory
Manufacturing Costs
Unit Cost Variable $1.27
Total Cost Fixed $2.18
Current Manufacturing Costs
Unit Cost Variable $1.27
Total Cost Fixed $1.92
Expenses
Variable $1.98
Fixed $27,654
Construct income statements for both absorption costing and variable costing given
A. Absorption costing for 25,000 spoons sold and 27,000 spoons manufactured
B. Variable costing for 25,000 spoons sold and 27,000 spoons manufactured
C. Absorption costing 27,000 spoons sold and 25,000 spoons manufactured
D. Variable costing 27,000 spoons sold and 25,000 spoons manufactured
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