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please read the question carefully because this is my second time I post the question because the answer was wrong Benson Company incurred manufacturing overhead
please read the question carefully because this is my second time I post the question because the answer was wrong Benson Company incurred manufacturing overhead cost for the year as follows. Direct materials $ 38.80/unit Direct labor $ 27.50/unit Manufacturing overhead Variable $ 11.80/unit Fixed ($18.60/unit for 1.700 units) $31,620 Variable selling and administrative expenses $ 7,440 Fixed selling and administrative expenses $14,100 The company produced 1700 units and sold 1,200 of them at $180.70 per unit. Assume that the production manager is paid a 1 percent bonus based on the company's net income. Required a. Prepare an income statement using absorption costing. b. Prepare an income statement using variable costing Required A Required B Required C Prepare an income statement using absorption costing. BENSON COMPANY Income Statement (Absorption Costing) Revenues Cost of goods Sold Direct labor Direct materials Manufacturing overhead Gross margin Selling and administrative expenses Net income
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