Question
Selling Price $18 Units in beginning inventory 0 Units produced 10,000 Units sold 9,500 Variable costs per unit: Direct materials $6 Direct labor $4 Manufacturing
| Selling Price | $18 |
| Units in beginning inventory | 0 |
| Units produced | 10,000 |
| Units sold | 9,500 |
| Variable costs per unit: |
|
| Direct materials | $6 |
| Direct labor | $4 |
| Manufacturing overhead | $3 |
| Selling and administrative costs | $1 |
| Fixed costs: |
|
| Manufacturing overhead | $12,000 |
| Selling and administrative costs | $8,000
Prepare an income statement using a variable costing format |
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Fundamentals Of Oil And Gas Accounting
Authors: Rebecca A. Gallun, Ph.D. Wright, Charlotte J, Linda M. Nichols, John W. Stevenson
4th Edition
0878147934, 9780878147939
