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Stuart Manufacturing Company makes a product that sells for $74.30 per unit. Manufacturing costs for the product amount to $26.90 per unit variable, and $65,100
Stuart Manufacturing Company makes a product that sells for $74.30 per unit. Manufacturing costs for the product amount to $26.90 per unit variable, and $65,100 fixed. During the current accounting period, Stuart made 3,100 units of the product and sold 2,600 units. Selling and administrative expenses were zero.
Required
- Prepare an absorption costing income statement.
- Prepare a variable costing income statement.
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