Information about cost data for Dubai Industries Co. is shown below for the year 2021: No....

 

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Information about cost data for Dubai Industries Co. is shown below for the year 2021: No. of units produced and sold Selling price per unit Direct Material per unit Direct Labor per unit Variable Manufacturing overhead per unit Variable selling expense per unit Variable administrative expense per unit Fixed manufacturing overhead Fixed selling expenses Fixed administrative expenses Required: 1-Prepare traditional format income statement 24,000 units 70 10 12 6 3 2 180,000 50,000 35,000 2-Prepare contribution format income statement Information about cost data for Dubai Industries Co. is shown below for the year 2021: No. of units produced and sold Selling price per unit Direct Material per unit Direct Labor per unit Variable Manufacturing overhead per unit Variable selling expense per unit Variable administrative expense per unit Fixed manufacturing overhead Fixed selling expenses Fixed administrative expenses Required: 1-Prepare traditional format income statement 24,000 units 70 10 12 6 3 2 180,000 50,000 35,000 2-Prepare contribution format income statement

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Traditional Format Income Statement Description Amount Sales Revenue 24000 units x 70 1680000 Cost o... View the full answer