Question: Weir, Inc. needs your help preparing income statements. The controller gives you the following information related to 2021: Total fixed factory overhead $ 180,000 Total
Weir, Inc. needs your help preparing income statements. The controller gives you the following information related to 2021: Total fixed factory overhead $ 180,000 Total other fixed expenses $ 200,000 Total variable manufacturing expenses $ 240,000 Total other variable expenses $200,000 Actual units produced in 2021 55,000 Budget units produced (start of 2021) 60,000 Units sold in 2021 50,000 Selling price per unit $ 40
Required: a. Prepare an income statement under the absorption costing method. b. Prepare an income statement under the variable costing method. c. What is GDs breakeven level of unit sales under the variable costing format?
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