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I need these accounting problems done. I need an expert and need an A. wil tip 30 if i get A. Show work and steps
I need these accounting problems done. I need an expert and need an A. wil tip 30 if i get A. Show work and steps
Rini Company ($ in 000) Sales 20,000 Schedule of Variable Manufacturing Costs: Part 1 - Use Data as Provided for Rini Company 1. Create Traditional Absorption Income Statement Through Operating Income 2. Create Contribution Income Statement Through Operating Income Variable Costs Direct Materials Direct Labor Supplies Power and other Variable Overhead 7000 4000 850 150 Fixed Costs Manager Salaries Annual Employee Picnic Depreciation on Plant Equipment Insurance Property Taxes 900 100 1800 50 150 Selling Expenses: Sales Commissions Shipping Expenses for products sold Fixed Advertising Fixed Sales Salaries Other Fixed Selling Expenses 700 300 700 1000 300 Administrative Expenses: Variable Data Entry Wages Variable Programming Fees Fixed Office Salaries Depreciation on Office Equipment Public Accounting Fees (Fixed) Legal Fees (Fixed) Other Fixed (Fixed) 80 20 300 100 40 100 360 Part II -Assume a 10% increase in sales 1. Create Traditional Absorption Income Statement Through Operating Income 2. Create Contribution Income Statement Through Operating IncomeStep by Step Solution
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