 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Variable income statement?
Given:
Fill out the predicted 2013 variable and absorption income statements immediately below for the cheese segment of Great Lakes Dairy. There was ending inventory of 5,000 units on December 31, 2012. Assume production for 2013 will be 80,000 and 85,000 units will be sold and that inventory costs remain the same between 2012 and 2013. Variable selling and administrative expenses per unit - $.20 Sales - $350,000 CM per unit - $1.80 Fixed Selling and Administrative - $22,000 Fixed MOH - $35,000 Calculated: Per unit - $.87 Beg. Inventory - 5,000 Variable Manufacturing costs - ? Goods available for sale - 85,000 Ending inventory - 0 Variable cost of goods sold - $180,000 Variable selling and administrative - $17,000 Contribution Margin - $153,000 Net operating income - $96,000 |
||||
Check out some similar questions!
Prepare an income statement using absorption and variable costing
[ 0 Answers ]
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) ...
Variable Costing-contribution format income statement
[ 1 Answers ]
What am I doing wrong? Units sold 9000 @ $200 p/unit Direct materials = 5400.00 (60 x 900) Direct labor= $2700.00 (30 x 900) Variable Manufacturing = 10 (Should I multiply this by 9000?) Variable selling and adm= 20 (Should I multiply this by 9000?)
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
