17-21 - 125000 units x $5 $625,000 Gross Margin $1,250,000...

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DATA INPUT Sales Price $15 Direct Material $5 Direct Labor $2 Variable Overhead $3 Budgeted Fixed Overhead $300,000 Actual Production (containe 150,000 Units Sold 125,000 Fixed $50,000 (for the year) Variable $1 (per container sold) SOLUTION 2. SKINNY DIPPERS, INC. THROUGHPUT-COSTING INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 20X1 Sales Revenue 125000 units x $15 $1,875,000 Less: Cost of Goods Sold
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Unformatted text preview: 125000 units x $5 $625,000 Gross Margin $1,250,000 Less: Operating Costs Direct Labor 125000 units x $2 $300,000 Variable Manufacturing Over 125000 units x $3 $450,000 Fixed Manufacturing Overhead $300,000 Variable Selling & Administra 125000 units x $1 $125,000 Fixed Selling & Administrative Costs $50,000 Total Operating Costs $1,225,000 Net Income $25,000...
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