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Have to prepare excel sheet and show equations on excel sheet. thank you in advanced ! Problem 1-Income Statement 4 Lukin Corporation reports the following
Have to prepare excel sheet and show equations on excel sheet. thank you in advanced ! Problem 1-Income Statement 4 Lukin Corporation reports the following first year production cost information: Units produced Units sold Sales price Direct labor Direct materials Variable overhead Fixed overhead Operating expenses 62,000 units 59,000 units $350 per unit $41 per unit $15 per unit $150 per unit $4,340,000 in total $1,000,000 Using an excel compute the following: a. Compute production cost per unit under variable costing. b. Compute production cost per unit under absorption costing. c. Prepare an Income Statement using Variable Costing d. Prepare an Income Statement using absorption costing
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