Question: Please fill out the Variable Costing Income Statement. On June 30, the end of the first month of operations, Bastile Company prepared the following income

Please fill out the Variable Costing Income Statement.

Please fill out the Variable Costing Income Statement. On June 30, theend of the first month of operations, Bastile Company prepared the followingincome statement, based on the absorption costing concept: Bastile Company Absorption Costing

On June 30, the end of the first month of operations, Bastile Company prepared the following income statement, based on the absorption costing concept: Bastile Company Absorption Costing Income Statement For the Month Ended June 30, 2016 2,940,000.00 1 Sales (21,000 units) 2 Cost of goods sold: 3Cost of goods manufactured (24,400 units) $1,952,000.00 272,000.00 Less ending inventory (3,400 units) Cost of goods sold 1,680,000.00 $1,260,000.00 150,000.00 $1,110,000.00 6 Gross Profit 7 Seling and administrative expenses Income from operations If the fixed manufacturing costs were $195,200 and the variable selling and administrative expenses were $105,000 prepare an income statement according to the variable costing concept. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. "Less", "Plus" or colons (:) will automatically appear if required. If a net loss is incurred, enter that amount as a negative number using a minus sign

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f