Cost Accounting

B D E E F G H A 1 XYZ Company, reports the following Total costs at two levels of production 2 Beginning Inventory = 0 Units 3 Ending Inventory = 0 Units 4 Selling Price Per Unit $135 5 1000 Units 2000 Units 6 7 Cost Type Costs: 8 Manufacturing Cost Direct Materials 30000 60000 9 Period Cost Maintenance 12000 15000 10 Manufacturing Cost Direct Labor 25500 51000 11 Manufacturing Cost Indirect Material 1500 3000 12 Manufacturing Cost Depreciation 6000 6000 13 Period Cost Utilities 4500 7500 14 Period Cost Rent 9000 9000 15 16 Required: 17 19 18 Prepare Absorption Income Statement for Production Level of 4000 Units, Given that Beginning Inventory = 0 Units and Ending Inventory = 500 Units Answer Title Total 21 Sales Revenue 20 22 23 Cost of Goods Sold 24 25 Gross Profit (Loss) 26 27 28 Selling And Aministrative Expenses 29 Net Operating Income 30