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Play Time manufactures video games that it sells for $42 each. The company uses a fixed manufacturing overhead allocation rate of $4 per game. Assume
Play Time manufactures video games that it sells for $42 each. The company uses a fixed manufacturing overhead allocation rate of $4 per game. Assume all costs and production levels are exactly as planned. The are from Play Time's first two months in business during 2018: (Click the icon to view the data.) Data Table Read the requirements Total product cost per game $ 22 $ 18 $ 22 $ 18 October November Requirement 2a. Prepare monthly income statements for October and November, including columns for each Sales 1,300 units 2,700 units Production 2,500 units 2.500 units $ 18 $ 18 Play Time Absorption Costing Income Statement October 2018 November 2018 $ 54,600 $ 113,400 $ 28,600 29700 Total 5 5 Net Sales Revenue 168,000 Variable manufacturing cost per game Sales commission cost per game Total fixed manufacturing overhead Total fixed selling and administrative costs 10.000 10,000 Cost of Goods Sold 58300 9,500 9,500 Gross Profit 83700 109700 26,000 6500 Selling and Administrative Costs 13500 20000 Print Done 19500 70200 89700 Operating Income Choose from any list or enter any number in the input fields and then click Check
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