p7-1a - Name: Date: Instructor: Course: Managerial...

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FileName: 2b520b8ed782921ef9add8304b39b86e2b87dc3d.xls, Tab: Problem P7-1A, Page 1 of 2, 12/28/2011, 19:02:06 Name: Date: Instructor: Course: Manufacturing costs: Fixed overhead $200,000 Variable overhead $4 per tent Direct labor $16 per tent Direct materials $40 per tent Beginning inventory 0 tents Tents produced 10,000 Tents sold 9,000 Selling and administrative costs: Fixed $400,000 Variable $6 per tent sold The tent sells for $150 Management is interested in the opening month's results and has asked for an income statement. Instructions: Absorption Manufacturing Costs Per Tent Title Amount Title Amount Title Amount Title Amount Title Formula BLUE MOUNTAIN PRODUCTS Income Statement For the Month Ended June 30, 2005 Absorption Costing Sales Formula Title Formula Title Formula Title Formula Title Amount Title Formula Variable Manufacturing Costs Per Tent Title Amount Title Amount Title Amount Manufacturing cost Formula BLUE MOUNTAIN PRODUCTS Income Statement For the Month Ended June 30, 2005 Variable Costing Sales Formula Title Formula Title Formula Formula Title
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This note was uploaded on 12/28/2011 for the course ACCT 221 taught by Professor Leonarda.bacon during the Winter '07 term at CSU Bakersfield.

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p7-1a - Name: Date: Instructor: Course: Managerial...

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