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Take me to the text Marstar Company provides the following information for 2019: Variable Manufacturing Costs per Unit Manufactured $42 Variable Advertising Costs per Unit
Take me to the text Marstar Company provides the following information for 2019: Variable Manufacturing Costs per Unit Manufactured $42 Variable Advertising Costs per Unit Sold $28 Fixed Manufacturing Overhead Costs $205,000 Fixed Advertising Costs Selling Price per Unit Beginning Inventory (Units) Production Volume $118,000 $80 0 23,000 Sales Volume 17,000 Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. a) Prepare a contribution margin statement for the year using the variable co Marstar Company Contribution Margin Statement ) Prepare a contribution margin statement for the year using the variable costing method. Marstar Company Contribution Margin Statement For the Year Ending December 31, 2019 Revenues Variable Costs: Beginning Inventory Variable Cost of Goods Manufactured Cost of Goods Available for Sale Ending Inventory $ 69 EA $ 69 5 Variable Manufacturing Cost of Goods Sold $ Variable Advertising Costs $ Contributed Margin Operating Expenses Fixed Manufacturing Costs Fixed Advertising Costs Income from Operations S S $ 9 b) Prepare an income statement for the year using the absorption costing method. Marstar Company Revenues Income Statement For the Year Ending December 31, 2019 Cost of Goods Sold Beginning Inventory EA Variable Manufacturing Costs Fixed Manufacturing Overhead Costs $ Cost of Goods Available for Sale Ending Inventory SA $ 69 $ Gross Margin Operating Expenses: Advertising Costs Income from Operations $ 5 EA SA
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