How does one get the volume variance calculation accounting from this question?
ADMN-3021H-A: Fundamentals c X myTrent X WileyPLUS X + X C D edugen.wileyplus.com/edugen/Iti/main.uni G O A O : Apps @ Chapter 11 microec.. Login PUMA Clyde Court. Return to Blackboard WileyPLUS Weygandt, Managerial Accounting, Fifth Canadian Edition Help | System Announcements PRINTER VERSION 1 BACK NEXT ASSIGNMENT RESOURCES Lab 8 CH 8 3021 SU 20 Question 4 Question 1 Asian Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2020 are as follows: Question 2 Question 3 Variable manufacturing costs $39 per shade 7 Question 4 Fixed manufacturing costs $136,250 Variable selling and administrative expenses $9 per shade Review Score Review Results by Study. Fixed selling and administrative expenses $250,400 objective Selling price $94 per shade Units produced 12,500 shades Units sold 8,780 shades (a) Your answer is partially correct. Try again. Assume the company uses normal costing and uses the budgeted volume of 10,900 units to allocate the fixed overhead rate rather than the actual production volume of 12,500 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Do the following: 1. Calculate the manufacturing cost per unit. ( Round answer to 2 decimal places, e.g. 15.25.) Manufacturing cost 51.5 per unit 2. Prepare a normal-costing income statement for 2020. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places.) ASIAN WINDOWS Income Statement-Normal Costing For the Year Ended December 31, 2020 Sales 825320 Type here to search 3 e 9 N W ENG 1:18 PM 2020-06-04ADMN-3021H-A: Fundamentals c X myTrent X WileyPLUS X + X C D edugen.wileyplus.com/edugen/Iti/main.uni G O A O : Apps @ Chapter 11 microec.. Login PUMA Clyde Court. Return to Blackboard WileyPLUS Weygandt, Managerial Accounting, Fifth Canadian Edition Help | System Announcements PRINTER VERSION 1 BACK NEXT ASSIGNMENT RESOURCES 2. Prepare a normal-costing income statement for 2020. ( Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places.) Lab 8 CH 8 3021 SU 20 ASIAN WINDOWS Question 1 Income Statement-Normal Costing Question 2 Question 3 For the Year Ended December 31, 2020 Question 4 Sales 825320 Review Score v Review Results by Study. Cost of goods sold objective V Beginning inventory V Add Costs of goods manufactured 543750 Goods available for sale 643750 V Less v Ending inventory 191580 Cost of goods sold 452170 V x Less Volume variance 32400 369770 V Gross margin 455550 v Less Selling and administrative expenses 261300 v Net income 194250 LINK TO TEXT LINK TO TEXT Start a search e 9 NW ENG 1:21 PM 2020-06-04
