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fill in all the blanks to crear an income statement for said year using throughput costing Crane Equipment Company manufactures and distributes industrial air compressors.
fill in all the blanks to crear an income statement for said year using throughput costing
Crane Equipment Company manufactures and distributes industrial air compressors. The following data are available for the year ended December 31, 2022. The company had no beginning inventory. In 2022, it produced 1,420 units but sold only 1,160 units. The unit selling price was $ 4,510. Costs and expenses were as follows: $ 780 1,390 Variable costs per unit Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative expenses Annual fixed costs and expenses Fixed manufacturing overhead 220 65 $1,194,100 Selling and administrative expenses 100,400 Prepare a 2022 income statement for Crane Company using throughput costing CRANE EQUIPMENT COMPANY Income Statement December 31, 2022 for the Month Ended December 31, 2022 For the Year-Ended December 31, 2022 . Prepare a 2022 income statement for Crane Compowy using throughout costine CRANE EQUIPMENT COMPANY Income Statement Throughput Costing Totalberting expenses Cost of goods sold Variable costs Variable costs of goods available for sale Operating expenses Variable cost of goods sold Totalfixed costs Sales Operating income before tax Variable manufacturing overhead Freed manufacturing overhead Thout contribution margin Fixed costs Total variable costs Variable dating and administrative expenses Direct labour Feed selling and administrative expenses Step by Step Solution
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