Absorption Costing Income Statement 2772000 1512000 1260000 664000 Ner

Absorption costing income statement 2772000 1512000

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Absorption Costing Income Statement $ 2,772,000 $ 1,512,000 $ 1,260,000 $ 664,000 Ner operating income $ 596,000 2 Assume the company uses variable costing a) Determine the unit product cost. Problem 6-20 Variable and Absorption Costing Unit Product Costs and Income Statements; Explanation of Difference in Net Operating Income [LO6-1, LO6-2, LO6-3] High Country, Inc., produces and sells many recreational products. The company has just opened plant to produce a folding camp cot that will be marketed throughout the United States. The follow and revenue data relate to May, the first month of the plant’s operation: Management is anxious to see how profitable the new camp cot will be and has asked that an income statement be prepared for May. Sales (SPPU * UNITS SOLD) Cost of goods sold ((UP * UPC)- (5,000 * UPC)) Gross Margin Selling and administrative expenses ((US * VPPU) + FPM)
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Unit Product Cost $ 26 b) Prepare a constribution format income statement for May. Ida Sidha Karya Company Variable Costing Income Statement Sales (SPPU * UNITS SOLD) $ 2,772,000 Variable Expenses: Variable Cost of goods sold $ 936,000 Variabl selling and administrative expenses 108,000 Total Variable Expenses 1,044,000 Contribution Margin 1,728,000 Fixed Expenses: Fixed Manufacturing Overheadd 656,000 Fixed selling and administrative 556,000 Total fixed expenses 1,212,000 Net Operating Income $ 516,000
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; a new wing cost
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  • Spring '16
  • unit product cost, Sidha Karya Company, Fixed Manufacturing Overheadd

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