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Required information Exercise 1 9 - 3 ( Algo ) Income statement under absorption costing and variable costing LO P 1 , P 2 [
Required information
Exercise Algo Income statement under absorption costing and variable costing LO P P
The following information applies to the questions displayed below.
Cool Sky reports the following for its first year of operations. The company produced units and sold units at a price of $ per unit.
Direct materials
Direct labor
Variable overhead
$ per unit
Fixed overhead
$ per unit
Variable selling and administrative expenses
$ per unit
Fixed selling and administrative expenses
$ per year
$ per unit
$ per year
Exercise Algo Part b
b Assume the company uses variable costing. Prepare its income statement for the year under variable costing.
tableIncome Statement Variable Costing
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