Current Attempt in Progress Swifty is a division of Flynn, Inc. The division manufactures and sells...
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Current Attempt in Progress Swifty is a division of Flynn, Inc. The division manufactures and sells a pump that is used in a wide variety of applications. During the coming year, it expects to sell 30,000 units for $26 per unit. Steve Moss, division manager, is considering producing either 30,000 or 35,000 units during the period. Other information is presented in the schedule below: Division Information-2023 Beginning inventory Expected sales in units Unit selling price Variable manufacturing cost per unit 0 30,000 $26 $7 Fixed manufacturing overhead costs (total) Fixed manufacturing overhead costs per unit Based on 30,000 units ($512,400 + 30,000) Based on 35,000 units ($512,400 +35,000) Manufacturing cost per unit $512,400 $17.08 $14.64 Based on 30,000 units ($7 variable + $17.08 fixed) $24.08 Based on 35,000 units ($7 variable + $14.64 fixed) $21.64 Selling and administrative expenses (all fixed) $30,500 (a) Prepare an absorption costing income statement with one column showing the results if 30,000 units are produced and one column showing the results if 35,000 units are produced. SwiftyDivision Income Statement (Absorption Costing) $ 30,000 Produced 35,000 Produced $ Current Attempt in Progress Swifty is a division of Flynn, Inc. The division manufactures and sells a pump that is used in a wide variety of applications. During the coming year, it expects to sell 30,000 units for $26 per unit. Steve Moss, division manager, is considering producing either 30,000 or 35,000 units during the period. Other information is presented in the schedule below: Division Information-2023 Beginning inventory Expected sales in units Unit selling price Variable manufacturing cost per unit 0 30,000 $26 $7 Fixed manufacturing overhead costs (total) Fixed manufacturing overhead costs per unit Based on 30,000 units ($512,400 + 30,000) Based on 35,000 units ($512,400 +35,000) Manufacturing cost per unit $512,400 $17.08 $14.64 Based on 30,000 units ($7 variable + $17.08 fixed) $24.08 Based on 35,000 units ($7 variable + $14.64 fixed) $21.64 Selling and administrative expenses (all fixed) $30,500 (a) Prepare an absorption costing income statement with one column showing the results if 30,000 units are produced and one column showing the results if 35,000 units are produced. SwiftyDivision Income Statement (Absorption Costing) $ 30,000 Produced 35,000 Produced $
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