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Score: 0 of 1 pt 3 of 9 (3 complete) S6-15 (similar to) O'Sullivan's Products manufactures a single product. Cost, sales, and production information for
Score: 0 of 1 pt 3 of 9 (3 complete) S6-15 (similar to) O'Sullivan's Products manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare an income statement for the upcoming year using variable costing O'Sullivan's Products More Info - x Contribution Margin Income Statement (Variable Costing) For the Year Ended December 31 Sales revenue $ 648,000 Less: Variable expenses Variable cost of goods sold Selling price per unit is $54 Variable manufacturing costs per unit manufactured includes direct materials [DM], direct labor [DL], and variable MOH) $31 Variable operating expenses per unit sold $3 Fixed manufacturing overhead (MOH) in total for the year $96,000 Fixed operating expenses in total for the year $91,000 Units manufactured and sold for the year 12,000 units Variable operating expenses Contribution margin Less: Fixed expenses Fixed manufacturing overhead Fixed operating expenses Print Done Operating income Choose from any list or enter any number in the input fields and then click Check Answer. 1 part Clear All remaining
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