Question Help E21-19 (similar to) In May 2018, RefreshAde produced 20,000 cases of powdered drink mix...

 

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Question Help E21-19 (similar to) In May 2018, RefreshAde produced 20,000 cases of powdered drink mix and sold 21,000 cases, of which 1,000 were produced in April. The sales price was $28, variable costs were $12 per case ($9 manufacturing and $3 selling and administrative), and total fixed costs were $85,000 ($60,000 manufacturing and $25,000 selling and administrative). Read the requirements. Requirement 1. Prepare the May income statement using variable costing. RefreshAde Contribution Margin Operating Income Income Statement (Variable Costing) Month Ended May 31, 2018 Choose from any list or enter any number in the input fields and then click Check Answer. Requirements 1. Prepare the May income statement using variable costing. 2. Determine the balance in Finished Goods Inventory as of May 31. Print Done ¤ (2) Question Help E21-19 (similar to) In May 2018, RefreshAde produced 20,000 cases of powdered drink mix and sold 21,000 cases, of which 1,000 were produced in April. The sales price was $28, variable costs were $12 per case ($9 manufacturing and $3 selling and administrative), and total fixed costs were $85,000 ($60,000 manufacturing and $25,000 selling and administrative). Read the requirements. Requirement 1. Prepare the May income statement using variable costing. RefreshAde Contribution Margin Operating Income Income Statement (Variable Costing) Month Ended May 31, 2018 Choose from any list or enter any number in the input fields and then click Check Answer. Requirements 1. Prepare the May income statement using variable costing. 2. Determine the balance in Finished Goods Inventory as of May 31. Print Done ¤ (2)

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