A company produced and sold 12,200 units in its first year of operations. The sales price...

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A company produced and sold 12,200 units in its first year of operations. The sales price is $310 per unit. Fixed costs include overhead of $390,400 per year, and selling and administrative expenses of $82,000 per year. Variable costs per unit follow. Variable selling and administrative expenses $ 22 per unit Direct materials Direct labor Variable overhead $ 52 per unit $ 72 per unit $ 42 per unit Use variable costing to prepare this year's income statement. Income Statement (Variable Costing) Income 0 A company produced and sold 12,200 units in its first year of operations. The sales price is $310 per unit. Fixed costs include overhead of $390,400 per year, and selling and administrative expenses of $82,000 per year. Variable costs per unit follow. Variable selling and administrative expenses $ 22 per unit Direct materials Direct labor Variable overhead $ 52 per unit $ 72 per unit $ 42 per unit Use variable costing to prepare this year's income statement. Income Statement (Variable Costing) Income 0

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1 Calculate Total Variable Costs per Unit Variable Selling and Administrative Expenses 22 per unit D... View the full answer