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need help with part A show process Check my work mode : Thls shows what Is correct or Incorrect for the work you have completed
need help with part A show process
Check my work mode : Thls shows what Is correct or Incorrect for the work you have completed so far. It d Rundle Glass Company makes stained glass lamps. Each lamp that it sells for $316.20 per lamp requires $17.80 of direct materials and $70.80 of direct labor. Fixed overhead costs are expected to be $195,000 per year. Rundle Glass expects to sell 1,000 lamps during the coming year. Selling and administrative expenses were zero. Required a. Prepare income statements using absorption costing, assuming that Rundle Glass makes 1.000. 1.250, and 1,500 lamps during the year b. Prepare income statements using variable costing, assuming that Rundle Glass makes 1000. 1.250, and 1,500 lamps during the year Answer is not complete. Complete this question by entering your answers in the tabs below. Required ARequired B income statements using absorption costing, assuming that Rundle Glass makes 1,000. 1.250, and 1,500 lamps during the year. (Do not round intermediate calculations.) RUNDLE GLASS COMPANY Income Statements - Absorption Costing 1,500 1,000 1,250 318 20003 398,2505 474 300 Sales revenue Cost of goods sold 600 385,700 306,650 margin Required a. Prepare income statements using absorption costing, assuming that Rundle Glass makes 1,000. 1.250, and 1,500 lamps during the year b. Prepare income statements using variable costing, assuming that Rundle Glass makes 1,000, 1250. and 1,500 lamps during the year Answer is not complete Complete this question by entering your answers in the tabs below. Required A Required B Prepare income statements using absorption costing, assuming that Rundle Glass makes 1,000, 1,250, and 1,500 lamps during the year. (Do not round intermediate calculations.) RUNDLE GLASS COMPANY Income Statements-Absorption Costing 1,500 474.300 1,000 318,200S 385,250 1,250 nits Produced Sales revenue Cost of goods sold Gross margin Selling and administrative 385,700 227.600308,850 0 enses 385,700 227.800S 306.850 Required B Prev3 of 4Next >Step by Step Solution
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