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# e7-1 - Name Date Instructor Course rd Managerial Accounting...

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FileName: 0d874eaf385adaba6429c7f0cb1cfeaa15fb29e7.xls, Tab: Exercise E7-1, Page 1 of 2, 12/28/2011, 19:01:37 Name: Date: Instructor: Course: year ended December 31, 2005. The company has no beginning inventory. In 2005, 1,500 units are produced, but only 1,200 units are sold. The unit selling price was \$4,500 Costs and expenses were as follows: Variable cost per unit: Annual fixed costs and expenses Direct materials \$800 Manufacturing overhead \$1,200,000 Direct labor 1,500 Selling and admin expenses 100,000 Variable manufacturing overhead 300 Variable selling and admin expense 70 Instructions: Type of Cost Title Amount Title Amount Title Amount Total cost Formula WU EQUIPMENT COMPANY Income Statement For the Year-Ended December 31, 2005 Variable Costing Sales Amount Title Amount Title Amount Formula Title Formula Title Amount Title Amount Formula Net income Formula Managerial Accounting, 3 rd Edition, by Weygandt, Kieso, and Kimmel Solving Managerial Accounting Problems Using Microsoft Excel for Windows by Rex A Schildhouse Exercise E7-1, Wu Equipment Company manufactures and distributes industrial air compressors. The following costs are available for the

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