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From the January data provided below for ABC Corp, answer the following questions: A. In the Variable Costing (CM) Income Statement, what amount would be
From the January data provided below for ABC Corp, answer the following questions: A. In the Variable Costing (CM) Income Statement, what amount would be shown for Total Fixed Costs? 3pt B. In the Variable Costing (CM) Income Statement, what is the total variable costs amount? 4 pts C. In the Variable Costing (CM) Income Statement, what is the CM contribution margin dollar amount? 5 pts D. In an Absorption Costing Income Statement, what is the COGS amount? Show your math. 6 pts E. Which type of income statement would have the higher operating income? 3 pts F. Briefly explain (15 words or less!) your reason for your answer to E. 4 pts LABEL your answers A to F. Sales Price per unit $ 70 Fixed Manufacturing Overhead Costs $ 112,000 Variable manufacturing cost per unit $ 30 January 1: finished goods 5 22,000 Sales Commission per unit $ 2 Fixed Operating Expenses 5 85,000 Number of units produced in January 8.000 Number of units sold in January 8,500
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