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Managerial accounting please do all requirements In May 2018, Vita Ade produced 12,000 cases of powdered drink mix and sold 13,000 cases, of which 1,000
Managerial accounting please do all requirements
In May 2018, Vita Ade produced 12,000 cases of powdered drink mix and sold 13,000 cases, of which 1,000 were produced in April. The sales price was $28, variable costs were $11 per case ($8 manufacturing and $3 selling and administrative), and total fixed costs were $90,000 (S72,000 manufacturing and $18,000 selling and administrative). Read the requirements. Requirement 1. Prepare the May income statement using variable costing. i Requirements Vita Ade Income Statement (Variable Costing) Month Ended May 31, 2018 1. Prepare the May income statement using variable costing. 2. Determine the balance in Finished Goods Inventory as of May 31. Print Done Operating IncomeStep by Step Solution
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