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PLEASE HELP. I posted this a few times but the answers are all incorrect. chend Prior to the first month of operations ending October 31,
PLEASE HELP. I posted this a few times but the answers are all incorrect.
chend Prior to the first month of operations ending October 31, Marshall Inc. estimated the following operating results: $2,160,000.00 3 1.209,600.00 4 Sale 316,800.00 + Sales (28,800 $75) Manufacturing costs (28,800 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Fixed selling and administrative expenses . Variable selling and administrative expenses 5 172,800.00 Cost Co! 241.920.00 29.200.00 7 Inv 35,000.00 Gros Sell Inco The company is evaluating a proposal to manufacture 36,000 units instead of 28,800 units, thus creating an ending inventory of 7.200 units. Manufacturing the additional units will The company is evaluating a proposal to manufacture 36,000 units instead of 28,800 units, thus creating an ending inventory of 7,200 units. Manufacturing the additional units will not change sales, unit variable factory overhead costs, total fixed factory overhead cost, or total selling and administrative expenses. Required: a. Prepare an estimated income statement, comparing operating results i 28,800 and 36,000 units are manufactured in (1) the absorption costing format and (2) the variable costing format. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon() will automatically appear it required. Round your unit cost to two decimal places and final answers to the nearest dollar amount. Enter all amounts as positive numbers. a(). Prepare an estimated constatarent comparing operating result 28.800 and 36.000 unts we arutactured in the absorption conting format. Ploter to the inte ofta and Amount Description for the exact worting of the www chow for test entries for sure to complete the statement reading. Acolo (I will automatically pear iewed Round your west cost to moderace and alwww to the nearest dollar amount. Entor al amount as positive number Score: 51/05 Marshalline Absorption Costing Income Statement For the Month Ending October 31 28.800 Units Manufactured $2,160,000.00 36,000 units Manufactured $2,160,000.00 2 Sales 3 Cost of goods sold 3 Cost of goods manufactured Inventory, October 31 Total cost of goods sold 8 1 Gross profit 1 Selling and administrative expenses Income from operations Marshall Inc Absorption Costing Income Statement For the Month Ending October 31 2 28,800 Units Manufactured 36,000 Units Manufactured 2 Sales $2,160,000.00 $2,160,000.00 4 3 Cost of goods sold: Cost of goods manufactured 5 Inventory, October 31 Total cost of goods sold 7 Gross profit Selling and administrative expenses 9 Income from operations 6 a(2). Prepare an estimated income statement, comparing operating results if 28,800 and 36,000 units are manufactured in the variable costing format. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () will automatically appear if required. Enter all amounts as positive numbers. Marshall Inc. Variable Costing Income Statement For the Month Ending October 31 28,800 Units 36,000 Units Manufactured Manufactured $2,160,000.01 $2,160,000.01 1 2 3 4 5 6 7 8 9 10 (Label) 11 12 13 14 Labels and Amount Descriptions Labels Fixed costs For the Month Ending October 31 October 31 Amount Descriptions Contribution margin Contribution margin ratio Cost of goods manufactured Cost of goods sold Fixed factory overhead Fixed selling and administrative expenses Gross profit Income from operations Inventory, October 31 Loss from operations Manufacturing margin Planned contribution margin Sales Sales mix Selling and administrative expenses Total cost of goods sold Total fixed costs Total variable cost of goods sold Variable cost of goods manufactured Variable cost of goods sold Variable selling and administrative expenses Step by Step Solution
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