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Read chapter 6 and answer the following question: In 2021, Amazon made $10,000 in Sales Commission, $2000 in administrative costs with $800 as fixed
Read chapter 6 and answer the following question: In 2021, Amazon made $10,000 in Sales Commission, $2000 in administrative costs with $800 as fixed costs. 8500 units were sold and 10,000 units produced. The selling price per unit was $45. Direct materials was $10, Direct Labour -$7 and variable overhead was $3.50. Fixed overhead was $7500 Prepare an income statement under Absorption and variable costing.
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