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Please advise on how I complete the following problem: Income Statements Absorption and Variable Costing Shawnee Motors assembles and sells MP3 players. The company began
Please advise on how I complete the following problem:
Income Statements Absorption and Variable Costing Shawnee Motors assembles and sells MP3 players. The company began operations on August 1 and operated at 100% Of capacity during the first month. The following data summarize the results for August: Sales (16,500 units) prodLRtion COStS (21 units): Dir* labor Varia bk factory Fixed factory o ver-head Selling and adrffnistrative expenses: Variabk selling and administratl&e expenses Fixed selling and administrative expenses 522,900 260,400 174,300 $317,000 122,700 $2,310,000 2,045,400 439, 700 If required, round interim per-unit calculatiMS to nearest cent. a. Prepare an Statement according to the absorption Costing Concept. Shawnee Motors Inc. Absorption Costing Income Statement For the Month Ended August 31
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