Question
In 2021, Amazon made $10,000 in Sales Commission, $2000 in administrative costs with $800 as fixed costs. 8500 units were sold and 10,000 units produced.
In 2021, Amazon made $10,000 in Sales Commission, $2000 in administrative costs with $800 as fixed costs. 8500 units were sold and 10,000 units produced.
The selling price per unit was $45.
Direct materials was $10,
Direct Labour -$7 and variable overhead was $3.50.
Fixed overhead was $7500
Prepare an income statement under Absorption and variable costing.
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Solution 1 Income statement under absorption costing In absorption costing direct fixed manufacturin...
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0132893534, 9780133389401, 132893533, 133389405, 978-0133392883
