Prepare an absorption$-$costing income statement for the first month of operation.

BrambleProducts

Income Statement$-$Absorption Costing

For the first month of operations

$Bramble Products manufactures and sells a variety of camping products. Recently the company opened a new factory to manufacture a deluxe portable cooking unit. Cost and sales data for the first month of operation are shown below:Prepare an absorption$-$costing income statement for the first month of operation.

Beginning inventory

Units produced

Units sold

Manufacturing costs

Fixed overhead

Variable overhead

Direct labour

Direct material

Selling and administrative costs

Fixed

Variable

o units

$10,700$

$9,500$

$$128,400$

$$7$ per unit

$$10$ per unit

$$27$ per unit

$$209,300$

$$4$ per unit sold

The portable cooking unit sells for $$110.$ Management is interested in the opening month's results and has asked for an income

statement.

Assuming the company uses absorption costing: Prepare an absorption$-$costing income statement for the first month of operation.

BrambleProducts

Income Statement$-$Absorption Costing

For the first month of operations

LA