Homework: Chapter #13 Question 10, Problem 13-28 (similar to) Part 1 of 8 HW Score: 67.11%, 51 of 76 points Points: 0 of 25 Stardom Inc. cans peaches for sale to food distributors. All costs are classified as either manufacturing or marketing. Stardom prepares monthly budgets. The March budgeted absorption-costing statement of comprehensive income is as follows: BEE (Click the icon to view the budgeted statement of comprehensive income.) Monthly costs are classified as fixed or variable (with respect to the number of crates produced for manufacturing costs and with respect to the number of crates sold for marketing costs): EEB (Click the icon to view the cost information.) Cost information Budgeted statement of comprehensive income Manufacturing Marketing Fixed Variable $ 40,000 $ 23,000 30,000 12,000 Stardom has the capacity to can 1,500 crates per month. The relevant range in which monthly fixed manufacturing costs will be "fixed" is from 500 to 1,500 crates per month. Revenue (1,000 crates x $120 a crate) Cost of goods sold Gross margin Marketing costs Operating income $ 120,000 70,000 50,000 35.000 $ 15,000 Normal markup percentage $50,000/$70,000 = 71.4% of absorption cost Print Done Help me solve this Etext pages Calculator Print Done Clear all Check ans 6:03 PN EM ENG