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please explain with details how to get the variable cost of goods sold Save 13 164 ponts Dion Company reports the absorption costing income statement
please explain with details how to get the variable cost of goods sold
Save 13 164 ponts Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 22600 units, and 3 300 units remain in ending finished goods Inventory for May. Fixed overhead was $56.500 Variable selling and administration expenses were $43.000 and fixed selling and administrative expenses were $23.500 Sales (19,500 units) 5.579.000 Cost of woods sold 493,000 Gross profit 86,000 Selling and administrative expenses 66.500 income $ 19,500 ebook Prepare an income statement using variable costing Print lo References DION COMPANY Income Statement Variable Costing Sales Less Variable expenses Variable cost of goods sold Variable seling and administrative expenses $ 579.000 Contribution an Les Fred expenses Fred overhead Fixed selling and administrative expenses Income Step by Step Solution
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