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The following contains information about April's production for Cabinera, Incorporated. Units produced 10,000 Units sold 9,000 Sales price $ 450.00 Direct materials cost per unit

The following contains information about April's production for Cabinera, Incorporated.

Units produced 10,000
Units sold 9,000
Sales price $ 450.00
Direct materials cost per unit $ 104.00
Direct labor cost per unit $ 91.00
Variable overhead cost per unit $ 64.00
Fixed overhead (total) $ 652,000.00
Variable selling expense per unit sold $ 22.00
Fixed administrative expense $ 258,000.00

Required:

  1. Prepare a Traditional Income Statement (Absorption Costing).
  2. Prepare a Contribution Format Income Statement (Variable Costing).
  3. Please show how to solve in excel

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