NAME ACC 102 UNIT 2 CH. 5-6 PRACTICE The Branson Company started operations this month. It had no inventory on hand at the beginning of the month. Cost and production information is as follows: 10,000 Units produced 8,000 Units sold $100 Unit selling price Manufacturing cost/unit $25 Direct material $15 Direct labor $5 Variable manufacturing overhead 20 Fixed manufacturing overhead ($200,000/10,000 units) $65 Full manufacturing cost per unit Nonmanufacturing costs $40,000 Variable selling expenses $60,000 Fixed general & administrative costs (adapted from Whitecotton 2e) Prepare an absorption costing income statement and variable costing income statement for Branso Company Absorption Costing Income Statement unit sales. Total Sales Less: COGS SR 006 6 s Gross margin R80,000 Selling expenses G&A expenses Net operating income 1, l P a