Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

need help! ReVitalAde produced 13,000 cases of powdered drink mix and sold 12,000 cases in April 2018. The sales price was $29, variable costs were

need help! image text in transcribed
image text in transcribed
ReVitalAde produced 13,000 cases of powdered drink mix and sold 12,000 cases in April 2018. The sales price was $29, variable costs were $12 per case ( $9 manufacturing and $3 selling and administrative), and total fixed costs were $100,000 ( $91,000 manufacturing overhead and $9,000 selling and administrative). The company had no beginning Finished Goods Inventory. Read the requirements. Requirement 1. Prepare the April income statement using variable costing. ReVitalAde produced 13,000 cases of powdered drink mix and sold 12,000 cases in April 2018. $29, variable cQsts were $12 per case ( $9 manufacturing and $3 selling and administrative), and $100,000 ( $91,000 manufacturing overhead and $9,000 selling and administrative). The compan Finished Goods inventory. Read the requirements. Requirements 1. Prepare the April income statement using variable costing. 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions