Question
Prepare an Income Statement using Variable Costing, based on the following data: Direct Materials, $30,000; Direct Labor, $40,000; Variable Factory Overhead, $20,000; Fixed Factory Overhead;
Prepare an Income Statement using Variable Costing, based on the following data: Direct Materials, $30,000; Direct Labor, $40,000; Variable Factory Overhead, $20,000; Fixed Factory Overhead; $50,000; Fixed Marketing and Administrative Expenses, $60,000. Assume that the factory produced 25,000 units during the period and 20,000 units were sold for $600,000 DO an Income Statement using Absorption Costing.
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Income Statement using Variable Costing Sales Revenue 600000 Variable Costs Direct Materials 30000 D...
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
3rd Canadian edition
978-1118727737, 1118727738, 978-1118033890
