Question: Please fix red boxes and complete variable costing income statement. Thanks in advance! During the first month of operations ended August 31, Kodiak Fridgeration Company

Please fix red boxes and complete variable costing income statement. Thanks in advance!

in advance! During the first month of operations ended August 31, Kodiak

Fridgeration Company manufactured 80,000 mini refrigerators, of which 72,000 were sold. Operating

data for the month are summarized as tollows: 1 Sales 10,800,000.00 Manufacturing

costs 6,400,000.00 1,600,000.00 280000.00 s Direct materials Direct labor s Variable manufacturing

cost Fixed manufacturing cost 20,00000 9,600,000.00 r Selling and administrative expenses: 1

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the month are summarized as tollows: 1 Sales 10,800,000.00 Manufacturing costs 6,400,000.00 1,600,000.00 280000.00 s Direct materials Direct labor s Variable manufacturing cost Fixed manufacturing cost 20,00000 9,600,000.00 r Selling and administrative expenses: 1 Variable $1,080,000.00 Fixed 8000000 1,26000000

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!

Problems: Series A 2. Income from operations, 5868.000 PR 20-1A Absorption and variable costing income statements During the first month of operations ended August 31, Kodiak Fridgeration Company...

During the first month of operations ended August 31, Kodiak Fridgeration Company manu- factured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the month are summarized as...

During the first month of operations ended August 31, Kodiak Fridgeration Company manufac- tured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the month are summarized as...

Updated question inages Suchons During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 60.000 mini refrigerators, of which 54,000 were sold Operating data for...

Hey, thanks for the help in advance I have already entered all of the labels. However, the other solutions on here are not correct for this certain problem. Absorption and variable costing income...

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 44,000 mini refrigerators, of which 39,000 were sold. Operating data for the month are summarized as...

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the month are summarized as...

During the first month o f operations ended August 3 1 , Kodiak Fridgeration Company manufactured 8 0 , 0 0 0 mini refrigerators, o f which 7 2 , 0 0 0 were sold. Operating data for the month are...

I don't understand what I'm doing wrong on the two boxes highlighted in red? During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 60,000 mini refrigerators,...

During the first month o f operations ended August 3 1 , Kodiak Fridgeration Company manufactured 8 0 , 0 0 0 mini refrigerators, o f which 7 2 , 0 0 0 were sold. Operating data for the month are...

In recent years, large financial institutions such as mutual funds and pension funds have become the dominant owners of stock in United States, and these institutions are becoming active in corporate...

A company shows a balance in Salaries and Wages Payable of $28,000 at the end of the month. The next payroll amounting to $38,000 is to be paid in the following month. What will be the journal entry...

In addition to estate taxes imposed by the federal government many states also levy

Technology. Access a videotape or webcast of a recently delivered speech on a business-related subject that is of interest to you. The library at your school is a good resource for videotaped...

Read the paragraph in Exercise 4 three times. Each time, vary your posture so you are (a) standing, head low, shoulders curved forward; (b) seated, almost reclining, with legs extended and crossed at...

Discuss the role an emcee plays in the success of an event. (Objective 7)