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The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced 3,000 Number of units sold
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced 3,000 Number of units sold 2,500 Unit sales price $ 355 Direct materials per unit $ 55 Direct labor per unit $ 50 Fixed manufacturing overhead per unit ($225,000/3,000 units) Total variable selling expenses ($15 per unit sold) $ 11 $ 75 $ 37,500 $ 58,000 Variable manufacturing overhead per unit Total fixed general and administrative expenses Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. Complete this question by entering your answers in the tabs below. Full Absorption Costing Variable Costing Prepare Crystal Cold's full absorption costing income statement for the year. CRYSTAL COLD COOLERS INC. Full Absorption Costing Income Statement Less: Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses Not Operating Income
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