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    krisyneal's Avatar
    krisyneal Posts: 1, Reputation: 1
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    #1

    Jun 16, 2015, 01:49 PM
    b. Prepare an income statement for the current year ended December 31
    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.
    a. Prepare an income statement for the current year ended December 31
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jun 16, 2015, 01:51 PM
    What do YOU think ?
    While we're happy to HELP we wont do all the work for you.
    Show us what you have done and where you are having problems..
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