Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Les peces and a pede provided the following de concening is not recentment of permendin December 31, 2010 Soupe $108.00 O Units produced 1100 Uats

image text in transcribed

image text in transcribed

Les peces and a pede provided the following de concening is not recentment of permendin December 31, 2010 Soupe $108.00 O Units produced 1100 Uats sold 900 Units ending investos 200 11 Variable cost Direa materials $28.00 13 Die Labour $30.00 14 Variable manufacturing overhead $7.00 15 Variable selling and administrative $11.00 16 Fored costs 17 Fixed manufacturing overhead $14,300.00 18 Fixed selling and administrative $1,800.00 19 20 Required: 21 22 a) Prepare an income statement for the month using the contribution format and the variable costing method. (9 marks) 23 24 Tanner Ltd 15 Contribution Format Income Statement 37 38 39 40 41 42_b) Prepare an income statement for the month using the absorption costing method. (8 marks) 13 Tanner Ltd Absorption Costing Income Statement Month ended December 31, 2020 Cost of goods sold

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integral Audit Acceptions Objectives And Practices

Authors: David Pavón, Catalina Rueda

1st Edition

6206302083, 978-6206302087

More Books

Students also viewed these Accounting questions