Question
Variable costs per unit: Manufacturing: Direct materials $22 Direct labor $7 Variable manufacturing overhead $4 Variable selling and administrative $5 Fixed costs per year: Fixed
During the year, the company produced 20,800 units and sold 15,600 units. The selling price of the company's product is $63 per unit.
Variable costs per unit: Manufacturing: Direct materials $22 Direct labor $7 Variable manufacturing overhead $4 Variable selling and administrative $5 Fixed costs per year: Fixed manufacturing overhead $166,400 Fixed selling and administrative $40,000
Prepare an income statement for the year. (Input all amounts as positive values. Omit the "$" sign in your response.) $
$ Variable expenses: $ Fixed expenses:
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