Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year

  

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Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($203,000/2,900 units) Total variable selling expenses ($14 per unit sold) Total fixed general and administrative expenses $ SS $ 2,900 2,500 350 70 50 11 70 $ $ 35,000 $ 64,000 Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($203,000/2,900 units) Total variable selling expenses ($14 per unit sold) Total fixed general and administrative expenses $ SS $ 2,900 2,500 350 70 50 11 70 $ $ 35,000 $ 64,000

Answer rating: 100% (QA)

Crystal Cold Income statement for the year Full Absorption Costing Sales Revenue 2500 Units 35... View the full answer