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I could reslly use the help on checking my work! Diaz Company reports the following variable costing income statement for its only product. Sales total
I could reslly use the help on checking my work!
Diaz Company reports the following variable costing income statement for its only product. Sales total 53.000 units, but production was 83,000 units. Dlaz had no beginning finished goods inventory DIAZ COMPANY Income Statement (Variable Costing) Sales (53,800 units * $63.00 per unit) $ 3, 339,000 Variable expenses Variable cost of goods told (53,000 units * $28.90 per unit) $ 1,499,900 Variable selling and administrative expenses (53,000 units $5.30 per unit) 280,900 1780,800 Contribution margin 1,558,200 Fixed expenses Fixed overhead 356,900 Fixed selling and administrative expense 178,450 535, 350 Income $ 1,022,850 Prepare an absorption costing income statement, DIAZ COMPANY Income Statement (Absorption Costino) 0 $ 0 Step by Step Solution
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