Question: please help me do the question. using the absorption costing concept ,prepar income statements for (a)may and (b)june Chapter 7 Variable Costing for Management Analysis

please help me do the question.

using the absorption costing concept ,prepar income statements for (a)may and (b)june

please help me do the question.using the absorption costing concept ,prepar incomestatements for (a)may and (b)june Chapter 7 Variable Costing for Management Analysis

Chapter 7 Variable Costing for Management Analysis 341 During June, Big Sky Creations produced 32,000 designer cowboy boots and sold 36,000 cowboy boots. Operating data for June are summarized as follows: Sales ... $4,500,000 Manufacturing costs: ( Direct materials ...... $ 768,000 Direct labor ...... 1,600,000 Variable manufacturing cost 416,000 Fixed manufacturing cost ...... . . . 120,000 2,904,000 Selling and administrative expenses: Variable . ...... $ 72,000/ Fixed ...... 80,000 152,000 Instructions 1. Using the absorption costing concept, prepare income statements for (a) May and (b) June.PR 7-3A Absorption and variable costing income statements for Obj. 1, 2 two months and analysis b. Operating During the first month of operations ended May 31, Big Sky Creations Company produced 40,000 $1,084,000 designer cowboy boots, of which 36,000 were sold. Operating data for the month are summarized as follows: $4,500,000 W ME HOW Sales Manufacturing costs: Direct materials ..... $ 960,000 Direct labor ...... 2,000,000 Variable manufacturing cost .. . . . ... 520,000 Fixed manufacturing cost ........... 120,000 3,600,000 Selling and administrative expenses: Variable ...... $ 72,000 Fixed ..... 80,000 152,000

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