Question: Can you finish the Variable Costing Statement. Labels and Amount Descriptions Variable Costing Income Statement the statement heading, Less, Plus or coons?will automatically appear if
Can you finish the Variable Costing Statement.
Labels and Amount Descriptions Variable Costing Income Statement the statement heading, "Less", "Plus" or coons?will automatically appear if required. Ifa net loss is incurred, enter that amount as a negative number using a minus sign. Instructions Shaded cells have On June 30, the end of the first month of operations, Bastile Company prepared the following income statement, based on the absorption costing concept: Labels Fixed costs For the Month Ended June 30 2016 June 30, 2016 Amount Descriptions Contribution margin Contribution margin ratio Ending inventory Fixed manufacturing costs Fixed selling and administrative expenses Gross profit Income from operations Loss from operations Manufacturing margin Planned contribution margin Sales Sales mix Variable cost of goods manufactured Variable cost of goods sold Variable selling and administrative expenses Score: 10/102 Bastile Company Variable Costing Income Statement (Label) Bastile Company Absorption Costing Income Statement For the Month Ended June 30, 2016 1 Sales $2,940,000 2 Variable cost of goods sold: 2,940,000.D0 1Sales (21,000 u 2Cost of goods sold: 3Cost cf goods manufactured (24,400 units) 4 Less ending Inventory (3,400 unlts) 5 Cost of goods sold 6 Gross Proft 7Selling and administrative expenses 8 Income from aperations $1,952000.00 27200000 1680,000.00 1,260,00000 150,000.00 1,110,000.00 Label) 10 12 If the fixed manufacturing costs were $195,200 and the variable selling and administrative expenses were $105,000 prepare an income statement according to the variable costing concept. 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. "Less" "Plus or colons (:) will automatically appear if required. If a net loss is incurred, enter that amount as a negative number using a minus sign
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