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Trez Company began operations this year. During this year, the company produced 1 0 0 , 0 0 0 units and sold 8 0 ,
Trez Company began operations this year. During this year, the company produced units and sold units. The absorption costing income statement for this year follows. Additional Information a Selling and administrative expenses consist of $ in annual fixed expenses and $ per unit in variable selling and administrative expenses. b The company's product cost of $ per unit consists of the following. Required: Prepare an income statement for the company under variable costing.Trez Company began operations this year. During this year, the company produced units and sold units. The absorption costing income statement for this year follows. Income Statement Absorption Costing Sales units times $ per unit $ Cost of goods sold Gross profit Selling and administrative expenses Income $ Additional Information Selling and administrative expenses consist of $ in annual fixed expenses and $ per unit in variable selling and administrative expenses. The company's product cost of $ per unit consists of the following. Direct materials $ per unit Direct labor $ per unit Variable overhead $ per unit Fixed overhead $ units $ per unit Required: Prepare an income statement for the company under variable costing.
Trez Company began operations this year. During this year, the company produced units and sold
units. The absorption costing income statement for this year follows.
Additional Information
a Selling and administrative expenses consist of $ in annual fixed expenses and $ per unit in
variable selling and administrative expenses.
b The company's product cost of $ per unit consists of the following.
Required:
Prepare an income statement for the company under variable costing.Trez Company began operations this year. During this year, the company produced units and sold units. The absorption costing income statement for this year follows.
Income Statement Absorption Costing
Sales units times $ per unit $
Cost of goods sold
Gross profit
Selling and administrative expenses
Income $
Additional Information
Selling and administrative expenses consist of $ in annual fixed expenses and $ per unit in variable selling and administrative expenses.
The company's product cost of $ per unit consists of the following.
Direct materials $ per unit
Direct labor $ per unit
Variable overhead $ per unit
Fixed overhead $ units $ per unit
Required:
Prepare an income statement for the company under variable costing.
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