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prepare an income statement using absorption and variable costing
on January 1 of the current year, townsend co. commenced operations. It operated it's plant at 100% of capacity during January. The following data summarized the results for january:
production 50,000 units sales (18per unit) 42,000 units inventory, January 31 8,000 units manufacturing costs: variable $575,000 fixed $80,000 total $655,000 selling and administration expenses variable $35,000 fixed $10,500 total $45,000 prepare an income statement using absorption and variable costing |
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