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PLEASE SOMEONE HELP SOON AS POSSIBLE!!!! Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
PLEASE SOMEONE HELP SOON AS POSSIBLE!!!!
Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $ 119 370 6,420 6,330 460 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead ariable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 0 0 0 46 21 2 18 $141, 240 $ 56,970 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. Prepare a contribution format income statement for the month using variable costing. Required: a. Prepare a contribution format income statement for the month using variable costing. b. Prepare an income statement for the month using absorption costing. Required A Required B Prepare a contribution format income statement for the month using variable $ 753,270 Variable Costing Income Statement Sales Variable expenses: Variable cost of goods sold $ 584,220 41,860 Accounts payable Accounts receivable Cash Fixed manufacturing overhead Fixed selling and administrative expenses 626,080 127,190 Calor 0 127,190 Fixed selling and administrative expenses Sales Variable cost of goods sold Variable selling and administrative expensesStep by Step Solution
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