Indigo Corp. is a manufacturer of specialty in-line skates. The operating results for 2022 are as follows:
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Question:
Indigo Corp. is a manufacturer of specialty in-line skates. The operating results for 2022 are as follows:
Units produced | 19,900 | pairs | |
| Units sold | 17,600 | pairs | |
| Selling price | $220.00 | per pair |
| Production information: | ||
| Direct materials | $955,200 | |
| Direct labour | 736,300 | |
| Variable manufacturing overhead | 417,900 | |
| Fixed manufacturing overhead | 796,000 | |
| Variable marketing costs | 176,000 | |
| Fixed marketing costs | 192,000 |
There was no beginning finished goods inventory.
Prepare an absorption-costing income statement.
Prepare a variable-costing income statement.
Prepare a throughput-costing income statement.
Expert Answer:
INDIGOCORP Income Statement Month Ended December 31 2022 Absorption Costing Production in units 1990... View the full answer
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