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Munoz Manufacturing Company makes a product that sells for $74.60 per unit. Manufacturing costs for the product amount to $26.30 per unit variable, and $62,400
Munoz Manufacturing Company makes a product that sells for $74.60 per unit. Manufacturing costs for the product amount to $26.30 per unit variable, and $62,400 fixed. During the current accounting period, Munoz made 3,000 units of the product and sold 2,400 units. Selling and administrative expenses were zero. Required a. Prepare an absorption costing income statement. b. Prepare a variable costing income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare an absorption costing income statement. (Do not round intermediate calculations.) MUNOZ MANUFACTURING COMPANY Absorption Costing Income Statement Munoz Manufacturing Company makes a product that sells for $74.60 per unit. Manufacturing costs for the product amount to $26.30 per unit variable, and $62,400 fixed. During the current accounting period, Munoz made 3,000 units of the product and sold 2,400 units. Selling and administrative expenses were zero. Required a. Prepare an absorption costing income statement. b. Prepare a variable costing income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a variable costing income statement. MUNOZ MANUFACTURING COMPANY Variable Costing Income Statement
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