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The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced Number of units sold Unit sales
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($208,000/3,200 units) Total variable selling expenses ($11 per unit sold) Total fixed general and administrative expenses 3,200 2,400 350 60 50 10 65 26,400 64,000 Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. (Do not leave any numeric cells blank, enter a zero wherever required. CRYSTAL COLD CCOOLERS INC. Full Absorption Costing Income Statement Sales $ 840,000 Less: Cost of Goods Sold Cost of Goods Available for Sale 0 Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses Less: Non-Manufacturing Expenses Net Operating Income CRYSTAL COLD COOLERS INC. Variable Costing Income Statement Less: Variable Cost of Goods Sold Cost of Goods Available for Sale C Variable Cost of Goods Sold Contribution Margin Less: Fixed Costs Less. Fixea Coss Net Operating Income
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