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I need help compelting a income statements under absorption and variable costing worksheet. I attached all information needed. Income Statements under Absorption and Variable Costing
I need help compelting a "income statements under absorption and variable costing" worksheet. I attached all information needed.
Income Statements under Absorption and Variable Costing Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August Sales (20,000 units) $2,200,000 Production costs (26,000 units) Direct materials $1,058,200 Direct labor 507,000 Variable factory overhead 254,800 Fixed factory overhead 169,000 1,989,000 Selling and administrative expenses Variable selling and administrative expenses $308,000 Poved selling and administrative expenses 119,300 427,600 11 required, round Interim per-unit calculations to the nearest cent. a. Prepare an income statement according to the absorption costing concept Shawnee Motors Inc. Absorption Costing Income Statement For the Month Ended August a. Prepare an income statement according to the absorption costing concept. Shawnee Motors Inc. Absorption Costing Income Statement For the Month Ended August 31 Step by Step Solution
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