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I NEED HELP WITH NUMBER 3 B (SELLING AND ADMINISTRATIVE EXPENSE $$$$$) AND 4 AND 5.............. Bracey Company manufactures and sells one product. The following
I NEED HELP WITH NUMBER 3 B (SELLING AND ADMINISTRATIVE EXPENSE $$$$$) AND 4 AND 5..............
Bracey Company manufactures and sells one product. The following information pertains to the company's first year of operations: Variable cost per unit Direct materials 34 Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $495,000 $453,750 78,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 27,500 units and sold 25,100 units. The selling price of the company's product is $75 per unit. Required 1. Assume the company uses super-variable costing a. Compute the unit product cost for the year Unit product cost34 b. Pr epare an income statement for the year Bracey Company Super-Variable Costing Income Statement Sales riable cost of goods sold Contribution margin ixed expenses: $1,882,500 853,400 1,029,100 Fixed manufacturing overhead Fixed selling and administrative expense $ 453,750 78,000 531,750 $ 497,350 et operating income
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