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RefreshAde produced 13,000 cases of powdered drink mix and sold 12,000 cases in April 2018. The sales price was $24, variable costs were $15
RefreshAde produced 13,000 cases of powdered drink mix and sold 12,000 cases in April 2018. The sales price was $24, variable costs were $15 per case ($10 manufacturing and $5 selling and administrative), and total fixed costs were $100,000 ($91,000 manufacturing overhead and $9,000 selling and administrative). The company had no beginning Finished Goods Inventory. Read the requirements. Requirement 1. Prepare the April income statement using variable costing. RefreshAde Income Statement (Variable Costing) Month Ended April 30, 2018 i Requirements 1. Prepare the April income statement using variable costing. 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30. Operating Income Requirement 2. Determine the product cost per unit and the total cost of the 1,000 cases The cost per unit is and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30 is Print Done
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