Question
Perez Manufacturing Company makes a product that sells for $74.40 per unit. Manufacturing costs for the product amount to $26.00 per unit variable, and $94,000
Perez Manufacturing Company makes a product that sells for $74.40 per unit. Manufacturing costs for the product amount to $26.00 per unit variable, and $94,000 fixed. During the current accounting period, Perez made 4,700 units of the product and sold 4,400 units. Selling and administrative expenses were zero.
Required
a. Prepare an absorption costing income statement.
b. Prepare a variable costing income statement.
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Introduction To Actuarial Science
Authors: John James Hardy
1st Edition
1332733697, 978-1332733699
