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Please help me to do this Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of operations ending October 31, Marshall
Please help me to do this
Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of operations ending October 31, Marshall Inc. estimated the following operating results: Sales (15,200 x $53) $805,600 Manufacturing costs (15,200 units): Direct materials 484,880 Direct labor 115,520 Variable factory overhead 53,200 Fixed factory overhead 63,840 Fixed selling and administrative expenses 17,400 Variable selling and administrative expenses 21,000 The company is evaluating a proposal to manufacture 16,800 units instead of 15,200 units, thus creating an ending inventory of 1,600 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. a. 1. Prepare an estimated income statement, comparing operating results if 15,200 and 16,800 units are manufactured in the absorption costing format. If an amount box does not require an entry leave it blank. Marshall Inc. Absorption Costing Income Statement For the Month Ending October 31 15,200 Units Manufactured 16,800 Units Manufactured Cost of goods sold: a. 2. Prepare an estimated income statement, comparing operating results if 15,200 and 16,800 units are manufactured in the variable costing format. If an amount box does not require an entry leave it blank. Marshall Inc. Variable Costing Income Statement For the Month Ending October 31 15,200 Units Manufactured 16,800 Units Manufactured Variable cost of goods sold: $ Fixed costs: bin ia OQQUI DOO Total fixed costsStep by Step Solution
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