In 2021, Amazon made $10,000 in Sales Commission, $2000 in administrative costs with $800 as fixed costs.

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In 2021, Amazon made $10,000 in Sales Commission, $2000 in administrative costs with $800 as fixed costs. 8500 units were sold and 10,000 units produced.

The selling price per unit was $45.

Direct materials was $10,

Direct Labour -$7 and variable overhead was $3.50.

Fixed overhead was $7500

Prepare an income statement under Absorption and variable costing.

Related Book For answer-question

Cost Accounting A Managerial Emphasis

ISBN: 978-0133392883

6th Canadian edition

Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ

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Posted Date: Mar 15, 2022 06:32 AM

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In 2021, Amazon made $10,000 in Sales Commission, $2000 in administrative costs with $800 as fixed costs.

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Solution 1 Income statement under absorption costing In absorption costing direct fixed manufacturin... View the full answer

Cost Accounting A Managerial Emphasis

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