n

May

May,

VitaSport

VitaSport produced

18 comma 000

18,000 cases of powdered drink mix and sold

21 comma 000

21,000 cases, of which

3 comma 000

3,000 were produced in

April

April. The total

April

April production was

20 comma 000

20,000. The sales price was

$ 27

$27, variable costs were

$ 12

$12 per case (

$ 9

$9 manufacturing and

$ 3

$3 selling and administrative), and total fixed costs were

$ 90 comma 000

$90,000 (

$ 72 comma 000

$72,000 manufacturing and

$ 18 comma 000

$18,000 selling and administrative).

VitaSport

VitaSport's

May

May income statement using variable costing follows:

Prepare the May income statement using absorption costing.

2.

Is operating income using absorption costing higher or lower than variable costing income? Explain why.

3.

Determine the balance in Finished Goods Inventory as of May 31

Ponta 1 Save In May. Vitalpor produced 18.000 cate of powdered and so 21.000 came of which 3.000 were produced in for the production at 20.000. There were 17 per mancung and 53 selling and administrative and fundo.000 32.000 $18.000 sing and date) Vapor y comigo Click the lion to the variate contincome statement Requirement 1. Prepare the May income ang bining Vraport Income Statement Absorption Couting Menth Ended May Desco - Requirements - X 1. Prepare the May income statement using absorption costing. 2. Is operating income using absorption costing higher or lower than variable costing income? Explain why. 3. Determine the balance in Finished Goods Inventory as of May 31. Print Done Reference - X in May. VitaSport April production w administrative), ar income statement (Click the icon April. The to and port's May Read the requirer 567.000 Requirement 1.1 VitaSport Income Statement (Variable Costing) Month Ended May 31 Net Sales Revenue Variable Costs: Variable Manufacturing Overhead $ 189,000 Variable Selling and Administrative Costs 63,000 Contribution Margin Fixed Costs: Fixed Manufacturing Overhead 72.000 18,000 Fixed Selling and Administrative Costs $ Operating Income 252,000 315,000 90,000 225.000 Print Done Oneratinn Innam Clear all Check answer Get more help Help me solve this Demodocs example Ponta 1 Save In May. Vitalpor produced 18.000 cate of powdered and so 21.000 came of which 3.000 were produced in for the production at 20.000. There were 17 per mancung and 53 selling and administrative and fundo.000 32.000 $18.000 sing and date) Vapor y comigo Click the lion to the variate contincome statement Requirement 1. Prepare the May income ang bining Vraport Income Statement Absorption Couting Menth Ended May Desco - Requirements - X 1. Prepare the May income statement using absorption costing. 2. Is operating income using absorption costing higher or lower than variable costing income? Explain why. 3. Determine the balance in Finished Goods Inventory as of May 31. Print Done Reference - X in May. VitaSport April production w administrative), ar income statement (Click the icon April. The to and port's May Read the requirer 567.000 Requirement 1.1 VitaSport Income Statement (Variable Costing) Month Ended May 31 Net Sales Revenue Variable Costs: Variable Manufacturing Overhead $ 189,000 Variable Selling and Administrative Costs 63,000 Contribution Margin Fixed Costs: Fixed Manufacturing Overhead 72.000 18,000 Fixed Selling and Administrative Costs $ Operating Income 252,000 315,000 90,000 225.000 Print Done Oneratinn Innam Clear all Check answer Get more help Help me solve this Demodocs example