Bahrain Company reported the following costs and expenses for the most recent month: Direct materials $80,000...

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Bahrain Company reported the following costs and expenses for the most recent month: Direct materials $80,000 Direct labor $42,000 Manufacturing overhead (3/5 is fixed).. Selling expenses (1/2 is variable).. Administrative expenses (all fixed). If the sales were $200,000 1-Compute the followings: A- The total variable costs. B-Cost of Goods Sold. $50,000 $22,000 $35,000 2 - Prepare: A-Income statements according to traditional approach. B-Income statements according to contribution margin approach. Bahrain Company reported the following costs and expenses for the most recent month: Direct materials $80,000 Direct labor $42,000 Manufacturing overhead (3/5 is fixed).. Selling expenses (1/2 is variable).. Administrative expenses (all fixed). If the sales were $200,000 1-Compute the followings: A- The total variable costs. B-Cost of Goods Sold. $50,000 $22,000 $35,000 2 - Prepare: A-Income statements according to traditional approach. B-Income statements according to contribution margin approach.

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1 A The total variable costs can be calculated by adding the variable portion of manufacturing overh... View the full answer