Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Solve part D of the question clearly showing the calculations used (better doing it on excel). Wildhorse Equipment Company manufactures and distributes industrial air compressors.
Solve part D of the question clearly showing the calculations used (better doing it on excel).
Wildhorse Equipment Company manufactures and distributes industrial air compressors. The following data are available for the year ended December 31, 2022. The company had no beginning inventory. In 2022, it produced 1,460 units but sold only 1,240 units. The unit selling price was $4,560. Costs and expenses were as follows: Variable costs per unit Direct materials $700 Direct labour 1,450 Variable manufacturing overhead 260 Variable selling and administrative expenses 65 Annual fixed costs and expenses Fixed manufacturing overhead $ 1,195,200 Selling and administrative expenses 103,000 Calculate the manufacturing cost of one unit of product using throughput costing, Manufacturing cost 700 per unit e Textbook and Media Attempts: 1 of 3 used (d) Prepare a 2022 income statement for Wildhorse Company using throughput costing. WILDHORSE EQUIPMENT COMPANY Income Statement Throughput Costing $ $ $ $Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started