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    cmcmahon's Avatar
    cmcmahon Posts: 2, Reputation: 1
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    #1

    Aug 10, 2015, 05:22 PM
    Manufacturing statements and cost behavior
    Tampa Foundry began operations during the current year, manufacturing various products for industrial use. One such product is light-gauge aluminum, which the company sells for $36 per roll. Cost information for the year just ended follows.
    Per Unit Variable Cost Fixed Cost
    Direct materials $4.50 $ —
    Direct labor 6.5 —
    Factory overhead 9 50,000
    Selling — 70,000
    Administrative — 135,000








    Production and sales totaled 20,000 rolls and 17,000 rolls, respectively There is no work in process. Tampa carries its finished goods inventory at the average unit cost of production.
    Prepare an income statement for the current year ended December 31
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    Aug 10, 2015, 05:46 PM
    So... this is YOUR homework assignment... not ours. Show us the work you have done and what you believe the answer is and we can comment.. or guide you... but we will not hand you an answer.
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