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PLEASE ANSWER THE QUESTIONS IN THE EXACT FORMAT LISTED AND SHOW ALL WORK FOR CALCULATIONS Rundle Inc. makes a smartphone case that includes a battery

PLEASE ANSWER THE QUESTIONS IN THE EXACT FORMAT LISTED AND SHOW ALL WORK FOR CALCULATIONS

Rundle Inc. makes a smartphone case that includes a battery that extends the operating life of an iPhone. The manufacturing costs per unit include $10 direct materials, $13 direct labor and $7 manufacturing overhead. These costs are based on a production and sales volume of 4,000 units. Advertising costs amounted to $26,000. Research and development cost for the materials used in the phone cases amounted $30,000. Companywide administrative costs amounted to $46,000. Fashion design costs amounted to $22,000. Rundles management team established the sales price at 150 percent of GAAP-defined product cost.

Required

Determine the total amount of upstream costs.

Determine the total amount of downstream cost.

Determine the total amount of midstream cost.

Determine the sales price per unit.

Prepare a GAAP-based income statement.

Complete this question by entering your answer in the tabs below.

Req A to D

Req E

Determine the total amount of Upstream, Downstream, Midstream, and Sales price per unit cost.

a. Upstream cost
d. Downstream cost
c. Midstream cost
d. Sales price per unit

Complete this question by entering your answer in the tabs below.

Req A to D

Req E

Prepare a GAAP-based income statement.

RUNDLE INC.
Income Statement
General selling & administrative cost

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