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Help please and thank you C56 8 8 Actual production in units $30 $14 $2 $630,000 $100,000 9 Sales in units 10 10 Sales price
Help please and thank you C56 8 8 Actual production in units $30 $14 $2 $630,000 $100,000 9 Sales in units 10 10 Sales price per unit 12 12 Variable selling costs per unit 13 13 Fixed manufacturing costs 14 14 Fixed selling expenses 1615 16 Answer Section 19 17 Income statement: Absorption costing 20 18 21 19 Sales FORMULA1 20 Cost of goods sold: FORMULA2 FORMULA3 21 Variable manufacturing costs 22 Fixed manufacturing costs 25 23 26 24 Total goods available for sale 27 25 Less ending inventory 28 26 FORMULA4 27 Cost of goods sold 30 28 31 29 Gross pront 2 30 Fixed selling expenses 33 31 Variable selling expenses 34 32 FORMULA5 FORMULAB s 33 Operating income 6 34 $0 39 35 Income statement: Variable costing 40 36 1 37 Sales 42 38 Cost of goods sold: $o 43 39 Variable manufacturing costs 44 40 Less ending inventory 4S 41 FORMULA? FORMULAB 46 47 42 43 Variable cost of goods sold 44 Manufacturing margin 49 45 Variable selling expenses 50 46 FORMULAS S1 47 Contribution margin 48 Fixed manufacturing costs 49 Fixed selling expenses FORMULA10 54 50 51 Operating income 561 52 VARCOST Current ORIGINAL EliteDisplay E221c
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