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Walton Manufacturing Company makes a product that sells for $ 7 5 . 8 0 per unit. Manufacturing costs for the product amount to $

Walton Manufacturing Company makes a product that sells for $75.80 per unit. Manufacturing costs for the product amount to $27.00 per unit variable, and $77,040 fixed. During the current accounting period, Walton made 3,600 units of the product and sold 3,000 units. Selling and administrative expenses were zero.
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Prepare an absorption costing income statement.
Prepare a variable costing income statement.

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To prepare an absorption costing income statement we need to allocate both variable and fixed manufacturing costs to the units produced Absorption Costing Income Statement Sales Revenue 3000 units sol... blur-text-image

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