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lPlease help me with Requirement 1. I supplied the data charts. Thank you. variable costing income statements - X April 2017 May 2017 Revenues $
lPlease help me with Requirement 1. I supplied the data charts. Thank you.
variable costing income statements - X April 2017 May 2017 Revenues $ 11,250,000 $ 16,250,000 Variable costs: Beginning inventory $ 1,650,000 6,050,000 6,600,000 Variable manufacturing costs Cost of goods available for sale 6,600,000 (1,650,000) 7,700,000 (550,000) Less: Ending inventory Variable cost of goods sold 4,950,000 1,800,000 7,150,000 2,600,000 Variable operating costs Total variable costs 6,750,000 9,750,000 Contribution margin 4,500,000 6,500,000 Fixed costs: Fixed manufacturing costs 2,250,000 625,000 2,250,000 625,000 Fixed operating costs Total fixed costs 2,875,000 2,875,000 1,625,000 $ $ 3,625,000 Operating income Print Done variable costing income statements - X April 2017 May 2017 Revenues $ 11,250,000 $ 16,250,000 Variable costs: Beginning inventory $ 1,650,000 6,050,000 6,600,000 Variable manufacturing costs Cost of goods available for sale 6,600,000 (1,650,000) 7,700,000 (550,000) Less: Ending inventory Variable cost of goods sold 4,950,000 1,800,000 7,150,000 2,600,000 Variable operating costs Total variable costs 6,750,000 9,750,000 Contribution margin 4,500,000 6,500,000 Fixed costs: Fixed manufacturing costs 2,250,000 625,000 2,250,000 625,000 Fixed operating costs Total fixed costs 2,875,000 2,875,000 1,625,000 $ $ 3,625,000 Operating income Print Done Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows: (Click the icon to view the data.) The variable manufacturing costs per unit of Accelerate Motors are as follows: (Click the icon to view the variable manufacturing costs per unit.) Read the requirements. (Click the icon to view the variable costing income statements.) (Click the icon to view the absorption costing income statements.) Requirement 1. Prepare income statements for Accelerate Motors in April and May 2017 under throughput costing. Begin by completing the top portion of the statement, then the bottom portion. (Complete all answer boxes. Enter a "0" for any zero amounts.) April 2017 May 2017 16250000 Revenues 11250000Step by Step Solution
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