Fisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances.
Question:
Fisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances.
In addition, 8,000 units of product were sold at $8 per unit. Each unit sold had a standard cost of $5. Selling and administrative expenses were $8,000 for the month.
Instructions
Prepare an income statement for management for the month ended January 31, 2014.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Income Statement for the month ended January 31 2014 Revenue 8000 units x 8 per unit 64000 Cost of ...View the full answer
Answered By
Teresa ochieng
I have had several years of experience working as a tutor, both in person and online. I have worked with students of all ages and abilities, and have consistently received positive feedback from students and their parents.
As a tutor, I have honed my skills in breaking down complex concepts and explaining them in a way that is easily understood by my students. I am patient and understanding, and I am always willing to go the extra mile to help my students succeed.
I have a strong track record of helping my students improve their grades and test scores, and I have a passion for helping students reach their full potential. I have experience tutoring a wide range of subjects, including math, science, English, and history, and I am comfortable working with students at all levels.
Overall, I believe that my hands-on experience and proficiency as a tutor make me an excellent candidate for the SolutionInn Online Tutoring Platform. I am confident that I can provide valuable support and guidance to students who are looking to improve their academic performance.
0 Reviews
10+ Question Solved
Related Book For 
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
