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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 ($195,000/3 000 units) Tolal variable selling expenses (512 per unit sold) Total fixed 3000 2 300 S 340 65 15 12 65 27 500 56,000 general and administrative e xpenses Required Prepare Crystal Cold's full absorption cosling income statement and variable costing income slalement for the year. Do not leave any numeric cells blank, enter a zero wherever required.) YSTAL Full Absorption Costing Beginning Inventory Contribution margin Cost of Goods Manufactured Ending Inventory Fixed General and Administrative Expenses Interest Expense Sales Variable Selling Expense Income Less: Cost of Goods Sold Cost of Goods Availabla for Sale Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses Net Operating Income CRYSTAL COLD COOLERS INC. Full Absorption Costing Beginning Inventory Cost of Goods Manufactured Cost of Goods Sold Ending Inventory Fixed General and Administrative Expenses Income Less: Cost of Goods Sold Cost of Goads Awailable for Sale Gross Margin Interest Expense Sales ariable Manufacturing Costs Variable Selling Expense Cost af Goads Sol Gross Margin Less: Non-Manufacturing Expenses Nel Operaling Income
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