ex.20-05a

Variable Costing Income Statement On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on the absorption costing concept: Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 Sales (3,100 units) $58,900 Cost of goods sold: Cost of goods manufactured (3,600 units) $46,800 Inventory, November 30 (500 units) (6,500) Total cost of goods sold 40,300 > Gross profit $18,600 Selling and administrative expenses 10,390 Income from operations $8,210 Assume the fixed manufacturing costs were $10,764 and the fixed selling and administrative expenses were $5,090. Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Weatherford Company Variable Costing Income Statement For the Month Ended November 30 Check My Work 2 more Check My Work uses remaining Previous Next > Assume the fixed manufacturing costs were $10,764 and the fixed selling and administrative expenses were $5,090. Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Weatherford Company Variable Costing Income Statement For the Month Ended November 30 Variable cost of goods sold: Duis Fixed costs: Check My Work 2 more Check My Work uses remaining, Previous Next Assignment Score: 42.86% All work saved Save and Exit Submit Assignment for Grading