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VitaSport produced 11,000 cases of powdered drink mix and sold 10,000 cases in April. The sales price was $25, va manufacturing overhead and $20,000 selling
VitaSport produced 11,000 cases of powdered drink mix and sold 10,000 cases in April. The sales price was $25, va manufacturing overhead and $20,000 selling and administrative). The company had no beginning Finished Goods le Read the requirements. Requirement 1. Prepare the April income statement using variable costing. VitaSport Income Statement (Variable Costing) Month Ended April 30 Operating Income was $25, variable costs were $7 per case ($5 manufacturing and $2 seling and administrative), d Goods Inventory. A $5 manufacturing and $2 selling and administrative), and total fixed costs were $75,000 ($65,000 i Requirements 1. Prepare the April income statement using variable conting. 2. Determine the product cost per unit and the total cost of the 1,000 cases in Finished Goods Inventory as of April 30. Print Done
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