Question: Can you do part b please, I am missing some numbers.Please fill it out completely, the last time i put the question on here, i
Can you do part b please, I am missing some numbers.Please fill it out completely, the last time i put the question on here, i recieved an incorrect answer so please help me!


Frigid Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1, 2016, and operated at 100% of capacity during the first month. The following data summarize the results for July: $10,500,000.00 1Sales (35,000 units) 2 Production costs (41,000 units) $4,100,000.00 2,255,000.00 1,025,000.00 Direct materials Direct labor S Variable factory overhead 6 Fixed factory overhead 7 Seling and administrative expenses: 8 Varablselling and administrative expenses 9Fixed selling and administrative expenses 615,000.00 7995,000.00 $1,140,00000 225,000.00 1,365,000.00 Required: A. Prepare an income statement according to the absorption costing concept.* B. Prepare an income statement according to the variable costing concept. A colon (:) will automatically appear if it is required.* C. What is the reason for the difference in the amount of income from operations reported in (A) and (B)? * Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Enter all amounts as positive numbers
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
