. costing with no change in inventory levels (Learning Objective 6) Dalton's Products manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: ● ● ● Selling price per unit is $65 Variable manufacturing costs per unit manufactured (includes direct materials [DM] direct labor [DL], and variable MOH) $31 Variable operating expenses per unit sold $2 Fixed manufacturing overhead (MOH) in total for the year $208,000 Fixed operating expenses in total for the year $89,000 Units manufactured and sold for the year 13,000 units Requirements 1. Prepare an income statement for the upcoming year using variable costing. 2. Prepare an income statement for the upcoming year using absorption costing.
. costing with no change in inventory levels (Learning Objective 6) Dalton's Products manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: ● ● ● Selling price per unit is $65 Variable manufacturing costs per unit manufactured (includes direct materials [DM] direct labor [DL], and variable MOH) $31 Variable operating expenses per unit sold $2 Fixed manufacturing overhead (MOH) in total for the year $208,000 Fixed operating expenses in total for the year $89,000 Units manufactured and sold for the year 13,000 units Requirements 1. Prepare an income statement for the upcoming year using variable costing. 2. Prepare an income statement for the upcoming year using absorption costing.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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.
costing with no change in inventory levels (Learning Objective 6)
Dalton's Products manufactures a single product. Cost, sales, and production information
for the company and its single product is as follows:
.
●
●
●
Selling price per unit is $65
Variable manufacturing costs per unit manufactured (includes direct materials [DM]
direct labor [DL], and variable MOH) $31
Variable operating expenses per unit sold $2
Fixed manufacturing overhead (MOH) in total for the year $208,000
Fixed operating expenses in total for the year $89,000
Units manufactured and sold for the year 13,000 units
Requirements
1. Prepare an income statement for the upcoming year using variable costing.
2. Prepare an income statement for the upcoming year using absorption costing.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdb264bc1-c0cd-4458-89b5-a23fd26dff74%2F5ca7597e-328e-4eea-9e4b-b8766541d95f%2Fv9ocfoh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:●
.
costing with no change in inventory levels (Learning Objective 6)
Dalton's Products manufactures a single product. Cost, sales, and production information
for the company and its single product is as follows:
.
●
●
●
Selling price per unit is $65
Variable manufacturing costs per unit manufactured (includes direct materials [DM]
direct labor [DL], and variable MOH) $31
Variable operating expenses per unit sold $2
Fixed manufacturing overhead (MOH) in total for the year $208,000
Fixed operating expenses in total for the year $89,000
Units manufactured and sold for the year 13,000 units
Requirements
1. Prepare an income statement for the upcoming year using variable costing.
2. Prepare an income statement for the upcoming year using absorption costing.
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